Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Regulatory press release

DUROC'S PORTFOLIO COMPANY DRAKE EXTRUSION ACQUIRES MICHAEL S BECKER INC

Duroc
Read the release

Duroc's portfolio company Drake Extrusion Inc, North America's leading manufacturer of colored filament yarn and staple fiber, has acquired 100% of the shares in the false twist textured yarn manufacturer Michael S Becker Inc. The company has annual sales of approximately $4 million.

Michael S Becker Inc was founded in 1977 and is a supplier of false twist textured yarns. The company is based in Burlington, North Carolina, approximately 90 km from Drake Extrusion's facility in Martinsville, Virginia. Michael S Becker Inc has annual sales of approximately $4 million. Their customers are principally in the US and are active in the Residential Upholstery, Hosiery, and Industrial Gloves. The company will be a subsidiary of Drake Extrusion Inc. The purchase price for the company is $1.1 million.

"The acquisition of Michael S Becker will complement our existing air jet textured product offering, that is the core of our recent expansion plans" says John Parkinson, CEO of Drake Extrusion Inc.

For further information

John Häger, CEO Duroc, +46 702 48 72 99

Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.