Germany-based Polyamide High Performance GmbH (PHP) has acquired the business activities of Germany-based high-tenacity polyester yarn manufacturer Diolen Industrial Fibers GmbH, which went into bankruptcy in fall 2008. Terms of the transaction were not disclosed.

Diolen now operates as Polyester High Performance GmbH. Managing directors of the new PHP subsidiary are Jochen Boos, Dr. Michael Scobel and Albert Franz .

Source: Textile World