TEXTILES.ORG
German technical textiles manufacturer Freudenberg Performance Materials (Freudenberg), has acquired Foshan United Medical Ltd. (UMT), a full-service supplier of advanced wound care products. The company with headquarters and state-of-the-art production facilities in Foshan, China, has a workforce of about 200.
“Freudenberg Performance Materials and Foshan United Medical are a perfect strategic match. Going forward, the merger will enable us to offer a unique portfolio of technologies and products as an innovative full-service supplier in the market for advanced wound care,” said Dr. Andreas Raps, Freudenberg CEO
Dr. Xiadong Wang, CEO and founder of UMT, adds, “The innovative strength and high level of customer orientation characteristic of both our companies make for an ideal fit, they are the cornerstone for expanding our success.”
UMT’s core competencies range from fiber manufacturing or functionalization to nonwoven production and final packaging, sterilization and marketing authorization. Its regulatory know-how, successful international first approvals for products as well as patents granted in China, Europe and the U.S. are other key element for expanding the healthcare business of Freudenberg.
With the acquisition, Freudenberg can cover all important steps in the value chain in-house and offer broad technology platforms in the market for advanced wound care. In the future, the company will provide a range of solutions for different applications, including dressings made of polyurethane foam, with silicone coatings or antimicrobial agents such as silver. Alginate-based absorbent fiber solutions, chitosan- and CMC-based wound dressings supplement the portfolio.