Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
March/April 2015 March/April 2015

View Issue  |

Subscribe Now  |

Events

Tecnotêxtil Brasil 2015
04/07/2015 - 04/10/2015

Vietnam Saigon Textile & Garment Industry Expo 2015
04/09/2015 - 04/12/2015

Fabric Property Development And Characterization
04/13/2015 - 04/16/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Promatech Agrees To Acquire Sulzer Textil From Sulzer Ltd

Italy-based Promatech S.p.A., a member of the Itema Group, has agreed to buy Sulzer Textil from Sulzer Ltd., Switzerland.Following the acquisition, which is still subject to approval by regulatory authorities, Sulzer Textil will continue to operate as an independent group and will retain the right to use the trade name Sulzer Textil. All employee contracts will be taken over in their present form.The sale of Sulzer Textil is part of Sulzer Corp.s focusing strategy and divestiture program. The parties involved agreed not to disclose the transaction price.In view of our strengths in quality, product innovation and services, together with the environment of Promatech and the Itema Group, I have full confidence in the long-term future of Sulzer Textil, said Ulrich Bolleter, president, Sulzer Textil.

September 2001




Advertisement