TEXTILES.ORG
Nonwovenn and CorpAcq have announced the formation of a corporate vehicle, named Technical Materials Group (TMG), to spearhead a growth and acquisition strategy. Keith Pickering has been appointed as head of acquisitions to lead the initiative.
Following the partnership transaction completed between Nonwovenn and CorpAcq (a TDR Capital portfolio company) in December 2025, the businesses have established TMG as the corporate vehicle to create an international specialist materials business. TMG will focus on acquiring businesses in Europe and North America.
Pickering joins the business as an experienced mergers and acquisitions practitioner, having completed over 120 transactions in a 30-year advisory career. This included jointly founding Catalyst Corporate Finance in 1998, subsequently selling the business to Alantra Partners SA in 2017. Pickering retired from the Alantra partnership at the end of 2025.
“I am very enthused about the opportunity of working with the Nonwovenn and CorpAcq teams to build out a dedicated technical materials vertical within the CorpAcq portfolio. We already have a number of live discussions with potential acquisition targets and I am confident that, with the highly experienced Nonwovenn management team, the significant financial backing of TDR Capital and the competitive and flexible deal structures we can offer company owners, we can build a highly strategic group achieving revenues of £300m plus over the next three years,” says Pickering.
“We are experiencing an incredibly exciting time at Nonwovenn, achieving record organic growth and profitability. Using this as the platform to acquire a broader range of specialist materials businesses has long been my plan and the transaction with CorpAcq and TDR allows me to bring this to fruition. To be able to welcome someone with Keith’s calibre to the team just shows how high our aspirations are,” says David Lamb, chairman, Nonwovenn.