News | October 20, 2021

Bast Fiber Technologies Acquires German Textile Processing Plant To Meet Customer Demand

Victoria, BC (GLOBE NEWSWIRE) - Bast Fiber Technologies (BFT), manufacturer of specialty natural fibers for the global nonwovens industry, announces the acquisition of Faser Veredlung Tönisvorst (FVT), a ISO 9001 certified textile processing plant located in Tönisvorst, Germany. This purchase allows BFT to immediately increase its ability to meet the demand for sustainable bast fibers and provides a solid platform for continued expansion and growth.

With over twenty years of experience in fiber processing, FVT is located near major European centers for the cultivation of bast and the manufacture of non-woven fabrics. This transaction is part of BFT's strategy of building regional low-carbon supply chains by sourcing, producing and selling in specific regions. The plant is currently undergoing expansion with the installation of specialized refining equipment, designed specifically to optimize natural bast fibers that will be used in all kinds of non-woven applications.

“We are delighted that FVT is part of our company,” said Jim Posa, President of BFT. “FVT has been working with natural fibers for a long time. This acquisition accelerates our transformation into a fully integrated manufacturing company. FVT has always produced the highest quality bast fibers for BFT, so it was a logical step to offer this capability in-house. Europe is leading the way in strategies to reduce single-use plastics. The ability to produce these fibers in Europe will play an increasing role in the production of truly sustainable nonwovens in wipes, hygiene products and more. "

Operation Tönisvorst is located in the heart of the EU's non-woven belt, in a historic textile complex established over 140 years ago. With a rich tradition of textile processing, this campus has been renovated and modernized in recent years and now hosts all kinds of manufacturing and service industries. Over the next few months, the plant will be modernized to optimize the production of high-performance, cost-effective natural bast fibers. This responds to the demand of customers who favor BFT's plastic and cellulose-free alternatives to quickly meet their sustainability goals. THE'

“We are very excited to join the BFT Enterprises team,” said Thomas Krah, Managing Director and former owner. “At the heart of our two activities are the shared values ​​of environmental protection and quality. We are strong supporters of natural hemp and flax fibers and we appreciate the opportunity to strengthen these offerings. BFT is an industry leader in the production of these fibers for the premium nonwoven market, and we look forward to helping accelerate the abandonment of plastic fiber in the industry. "

BFT's fibrous products will be on display at booth 1157 at the next Index trade fair, which will take place from October 19 to 22 at the Palexpo in Geneva.

About Bast Fiber Technologies Inc. -
Bast Fiber Technologies Inc. (BFT) is a triple bottom line cleantech fiber engineering company that manufactures specialty natural fibers for applications throughout the nonwoven products industry. Using advanced fiber processing technology, BFT transforms raw bast fibers from hemp and flax factories to meet the demanding standards of customers in the nonwoven industry. Liber crops are an annual crop with high biomass that can alleviate increasing pressure on the world's forest resources while absorbing carbon, revitalizing soils and preserving biodiversity.

About Faser Veredlung Tönisvorst
Faser Veredlung Tönisvorst (FVT GmbH) FVT is an experienced and quality supplier of fiber dyeing, finishing and blending, using environmentally friendly auxiliary products. The emphasis on sustainability in production and product design has enabled FVT to position itself successfully in the market and is an important foundation for its success.

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