North Carolina-headquartered Martex Fiber has acquired the fellow Charlotte-based Waste Services Division of Bollag International which collects and markets textile wastes, cuttings, rags and fabric remnants, much of which is reprocessed into nonwovens.
The acquisition follows the Martex acquisition of JBM Fibers, in Brownsville, Texas, this June, as part of an ongoing expansion strategy.
“We have increased our global recycling capability to over 160 million pounds per year which provides a tremendous environmental benefit,” said Martex president Jimmy Jarrett. “The acquisition also ensures ongoing supply security for our Made in USA fibre, yarn and global trading distribution.”
“We have been working with Martex Fiber through our Central American joint venture agreement for the past four years,” added Mitch Bollag, president of Bollag International. “The partnership with Martex has been a key element in our ability to focus and grow our textile waste services business through small to mid-size customers and innovate customer service and product distribution.”
The 325 employees of the Bollag Textile Waste Service division based in Charlotte, North Carolina, Honduras and Nicaragua will all be joining Martex.
