Frisby and Schoeller Textil Create Schoeller Frisby Technologies GmbH
This Switzerland-based joint venture, which expands upon the 1998 license agreement between the two companies, will be the exclusive marketer, seller, and distributor of ComforTemp brand foams and fabrics and schoeller-ComforTemp brand textiles to the European and US-based fashion industry.
As a result of the venture, strategic and operational synergies will focus on the European industrial, commercial, and consumer markets, and will broaden their product range through shared marketing resources and technical expertise in textile design and thermal management.
Hans-Jurgen Huebner, chairman and CEO of the new venture, stated, "Frisby's dynamic climate control materials are one of the most exciting innovations in the textile industry to come along in decades. We have had great initial success with our schoeller-ComforTemp range of fabrics in sportswear and apparel, but the potential uses extend well beyond apparel."
Greg Frisby, chairman and CEO of Frisby Technologies, added, "The formalization of this strategic joint venture with Schoeller will enable each company to build upon the strengths of each brand while eliminating any duplication of effort in accommodating the growing demand for products containing ComforTemp materials."
Schoeller Frisby Technologies GmbH will also act as a non-exclusive agent of Frisby and Schoeller to market, distribute, and sell certain products to manufacturers of end-use products for Asia, excluding Japan.