Shalag Industries Ltd. acquires Texsus S.P.A.
Shalag Industries Ltd. signed an agreement to acquire 100 % of the shares of Texsus S.P.A., a leading manufacturing industry of ATB and laminated products located in Pistoia Italy. According to the agreement and subject to its terms, the purchase of Texsus is due to be formally completed within the next few weeks.
The acquisition, after completion, brings Shalag Group to become, the greater global ATB producer, a company with 3 production sites in 3 continents over the world: Israel – Asia, Oxford, NC – North America and now also in Pistoia, Italy – Europe. Shalag Group production capacity will be then close to 60,000 tons per annum.
Texsus has a good reputation in the market and the high synergy between the companies will allow Shalag Group to provide its customers over the world with the best global services, increase company innovation and technology capabilities.
Texsus will be operated as a subsidiary of Shalag Industries Ltd and will continue to be managed by Mr. Federico Micheloti and on the Marketing side by Mrs. Barbara Bulleri.
Shalag Nonwovens is a world leader in carded thermobonded and air through bonded Nonwoven technologies. With more than 30 years of experience and proven expertise, Shalag has developed a global reputation as cutting-edge developers and producers of numerous innovative Nonwovens marketed all over the world. Shalag takes great pride in quality, long-term relationships with customers around the world. Shalag develops Nonwoven products in close partnership with its customers, conforming to their innovation policies and strategies. Shalag manufactures a wide range of product weights (from 10 to 120 gsm), using many different types of fibers. Shalag is a public company traded on the Tel Aviv Stock Exchange. The headquarters are located in Kibbutz Shamir, Israel.
Contact InformationURL: www.shalag.co.il
Company: Shalag Industries Ltd.