TECHNOLOGY
Martex Acquires JBM Recycled Fibers
Spartanburg, S.C.–based Martex Fiber Southern Corp. acquired JBM Fibers, a recycled fiber–manufacturing facility in Brownsville, Texas, with a diverse national customer base for recycled textile products made from post-consumer textile waste.
The acquisition will give Martex Fiber better access to recyclable raw materials and new customers.
“Our acquisition of JBM Fibers’ assets will expand our pre-consumer textile-recycling leadership position into the post-consumer segment,” said Rick Otero, Martex Fiber chief executive officer. “JBM’s position is extremely complementary to our ‘no fiber left behind’ strategy, which diverts more than 130 million pounds of pre-consumer material each year from landfills while also upgrading those materials into wiping rags and remnants for paint and industrial cleaning, shoddy for insulation and padding markets, and high-quality recycled yarns for knitting and upholstery applications for our global customer base. Martex Fiber’s Brownsville division will also open up markets and geographies that we had not previously served.”
With manufacturing facilities in Lincolnton, Ga., and Spartanburg, as well as administrative offices in Charlotte, N.C., and Philadelphia, Martex collects, sells and recycles textile waste into recycled fiber and yarn products.
For more information, visit www.martexfiber.com.
