Standard Textile and Küçükçalık Announce Joint Venture to Accelerate Growth in Markets
July 1, 2021
Gary Heiman, President and Chief Executive Officer
CINCINNATI--Standard Textile Co., Inc. and Küçükçalık have entered into a joint venture agreement according to Gary Heiman, President and Chief Executive Officer of Standard Textile.
“We are very happy to be able to continue our long-lasting friendship and existing trading relationship with Standard Textile now as co-shareholders. We are confident that this partnership will add significant value to Küçükçalık by allowing us to expand in markets where Standard Textile is particularly strong,” say Yaşar and Yılmaz Küçükçalık, the two brothers and shareholders of Küçükçalık.
The joint venture agreement is expected to expand the two partners' product portfolio in sheets, towels, and curtain products. The two companies expect to accelerate growth in the healthcare, hospitality, and consumer markets.
Küçükçalık is a global textile manufacturing company with key operations in Turkey and Egypt. From fiber production to weaving to finishing, the company produces apparel, bedding, drapery, and other decorative products for the consumer market.
The company opened its first weaving mill in 1990 and added dyeing and printing factories in 1992. In 2019, Küçükçalık created a new sustainable yarn from discarded PET bottles using advanced spinning technology. The company is listed among the top 500 companies in the Turkish industrial sector.
“We have admired Küçükçalık’s world-class facilities in Turkey and Egypt, and this joint venture allows us to both expand our global footprint and leverage their technology and expertise in fiber extrusion,” Heiman says. “Their innovative fiber extrusion and texturizing operations provide new opportunities for our research and development teams to collaborate in designing and developing sustainable products using recycled fiber to meet the needs of current and future customers,” Heiman adds.
Standard Textile manufactures bed, bath, and decorative products, serving the healthcare, hospitality, and consumer markets. It has manufacturing operations in North America, Europe, Asia, and the Middle East.
Recently, the company was selected as a 2021 US Best Managed Company sponsored by Deloitte Private and The Wall Street Journal. The program recognizes outstanding U.S. private companies and the achievements of their management teams.
Founded in 1940, Standard Textile says it has more than 80 patents. A vertically integrated company, Standard Textile is a global provider of total solutions in the institutional textiles and apparel markets. Standard serves customers in the healthcare, hospitality, interiors, workwear, and consumer markets worldwide.
Founded as a trading company in 1940, Küçükçalık opened its first weaving mill in 1990. Küçükçalık produces textiles for the apparel and home textile markets. Küçükçalık says it is the first company to have received ISO 9001 and ISO 14000 certification in the embroidery sector in Turkey. Küçükçalık says it caters to a wide range of customers such as fabric editors, design studios, converters, wholesalers, and retailers, including specialty stores, department stores, and well-known retailers with global coverage.
Industry veterans feel this joint venture will especially benefit Küçükçalık by allowing it to expand its market in the USA through Standard’s distribution facilities.
“We are very happy to be able to continue our long-lasting friendship and existing trading relationship with Standard Textile now as co-shareholders. We are confident that this partnership will add significant value to Küçükçalık by allowing us to expand in markets where Standard Textile is particularly strong,” say Yaşar and Yılmaz Küçükçalık, the two brothers and shareholders of Küçükçalık.
The joint venture agreement is expected to expand the two partners' product portfolio in sheets, towels, and curtain products. The two companies expect to accelerate growth in the healthcare, hospitality, and consumer markets.
Küçükçalık is a global textile manufacturing company with key operations in Turkey and Egypt. From fiber production to weaving to finishing, the company produces apparel, bedding, drapery, and other decorative products for the consumer market.
The company opened its first weaving mill in 1990 and added dyeing and printing factories in 1992. In 2019, Küçükçalık created a new sustainable yarn from discarded PET bottles using advanced spinning technology. The company is listed among the top 500 companies in the Turkish industrial sector.
“We have admired Küçükçalık’s world-class facilities in Turkey and Egypt, and this joint venture allows us to both expand our global footprint and leverage their technology and expertise in fiber extrusion,” Heiman says. “Their innovative fiber extrusion and texturizing operations provide new opportunities for our research and development teams to collaborate in designing and developing sustainable products using recycled fiber to meet the needs of current and future customers,” Heiman adds.
Standard Textile manufactures bed, bath, and decorative products, serving the healthcare, hospitality, and consumer markets. It has manufacturing operations in North America, Europe, Asia, and the Middle East.
Recently, the company was selected as a 2021 US Best Managed Company sponsored by Deloitte Private and The Wall Street Journal. The program recognizes outstanding U.S. private companies and the achievements of their management teams.
Founded in 1940, Standard Textile says it has more than 80 patents. A vertically integrated company, Standard Textile is a global provider of total solutions in the institutional textiles and apparel markets. Standard serves customers in the healthcare, hospitality, interiors, workwear, and consumer markets worldwide.
Founded as a trading company in 1940, Küçükçalık opened its first weaving mill in 1990. Küçükçalık produces textiles for the apparel and home textile markets. Küçükçalık says it is the first company to have received ISO 9001 and ISO 14000 certification in the embroidery sector in Turkey. Küçükçalık says it caters to a wide range of customers such as fabric editors, design studios, converters, wholesalers, and retailers, including specialty stores, department stores, and well-known retailers with global coverage.
Industry veterans feel this joint venture will especially benefit Küçükçalık by allowing it to expand its market in the USA through Standard’s distribution facilities.
