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4 February, 2021
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DUROC’S PORTFOLIO COMPANY DRAKE EXTRUSION ACQUIRES MICHAEL S BECKER INC

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

The Duroc Group manages and develops industrial and trading companies. With deep knowledge of technology and market, the Group’s companies strive to achieve a leading position in their respective industries. As owner Duroc contributes actively to the development. Duroc is listed on NASDAQ OMX Stockholm (symbol: DURC). www.duroc.se

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