Martex Fiber acquires Waste Services Division of Bollag Intl.

Martex Fiber Southern Corp. has acquired the Charlotte–based Waste Services Division of Bollag International. Bollag collects and markets textile wastes including natural and synthetic waste, cuttings, rags and fabric remnants. The acquisition of Bollag is part of a larger global expansion strategy Martex Fiber is pursuing, which includes the June 2013 acquisition of JBM Fibers Inc. in Brownsville, Texas.

Jimmy Jarrett, president of Martex Fiber, and one of the original founders, said “We have increased our global recycling capability to over 160 million pounds per year, which provides a tremendous environmental benefit. This acquisition also ensures ongoing supply security for our ‘Made in USA’ fiber (shoddy) expansion, yarn production, and global trading distribution.”

The 325 employees of the Bollag Textile Waste Service division based in Charlotte, North Carolina, Honduras, and Nicaragua will also be joining Martex Fiber.

Source: www.martexfiber.com