Bianca Mannini Joins The Bureau of International Recycling Secretariat In Brussels As New Trade And Environment Officer

BRUSSELS  — May 8, 2025  — The Bureau of International Recycling (BIR) is pleased to announce the arrival of a new member of staff, Bianca Mannini, who joined the BIR Advocacy team on Tuesday, 6 May 2025.

Bianca Mannini

With a background in political science, Mannini’s dedication to sustainability has been central to her career. She began in communications for bio-industries and climate/energy projects, gaining expertise in SDGs and the UNDP. She then founded a non-profit organisation in Italy to raise awareness against single-use plastics and encourage local/regional sustainable practices, collaborating with businesses and NGOs.

In the Netherlands, she managed projects focused on preventing plastic pollution and promoting circularity globally. Her experience in the plastics sector will be valuable for her work within BIR, where she will cover commodities such as paper, tyres/rubbers, textiles and plastics.

Originally from Italy, Mannini studied in Belgium, Ireland and the Netherlands, which provided her with a strong international perspective in policy and environmental resource management, alongside fluency in English, French and Spanish.

Welcoming her to the BIR secretariat in Brussels, BIR Director General Arnaud Brunet commented: “Bianca’s expertise and commitment to sustainability make her a valuable addition to our advocacy team. We are very pleased to have her join BIR and are confident she will significantly contribute to our global efforts.”

BIR members will be able to meet Mannini in person at the upcoming World Recycling Convention in Valencia.

Posted: May 9, 2025

Source: The Bureau of International Recycling (BIR)

Textiles Recycling Expo Gains Support From Key Industry Organizations 

BRUSSELS  — May 6, 2025  — The Textiles Recycling Expo held a press conference earlier this week at the Press Club Brussels, drawing participation from key industry associations, sustainability leaders, and EU policy stakeholders ahead of the in-person event on June 4-5, 2025, at Brussels Expo, Belgium.

The press conference marked a major milestone in the lead-up to the event, with speakers highlighting both the challenges and opportunities facing Europe’s textile industry as it transitions toward a circular economy. Zied Chetoui, Event manager stated: “As regulation evolves, particularly here in Europe, the industry must act to implement innovative solutions, and this is precisely why the Textiles Recycling Expo was created.”

In coverage by Materials Recycling World (MRW), the conference was framed as a timely response to a “supply crisis” in post-consumer textiles.

Also summarized by Ecotextile News, Robert van der Kerkhof, CEO of  ReHubs, told the press conference: “It really is a new platform, where people can connect, where education can happen, but also — very importantly — be the inspiration for new investments and technologies for the future.

“Speakers will come from government bodies, policy leaders, industry experts, academia, innovators, but also the brands, because it’s these companies that actually shape the textile-to-textile recycling future.”

The Brussels Times noted that the industry is at a pivotal moment, stating that “Europe’s textile industry is set to weave a common strategy together” through collaboration, innovation, and regulation. This aligns with the expo’s core purpose — to provide a unified platform for decision-makers and operational leaders to accelerate scalable, circular solutions for textiles.

Julia Ettinger, secretary general from EuRIC, said: “I think the event comes at a really crucial time for the textile sector and also for Europe’s broader efforts to move towards the circular economy that we have been talking about for many, many years.

“We need to amplify the voices of the European textile reuse operating sector, as well as the recycling sector. We need to share practical know-how and build momentum for European policies that can unlock the full potential of the textile sector and address the unprecedented crisis that we are facing.”

Karla Basselier, CEO of Fedustria, agreed: “The Textile Recycling Expo in Belgium comes at a crucial moment for our industry.

“It will offer a platform to accelerate the shift towards a more circular economy. And whilst we all believe that our industries are constantly innovating, we also have to face some facts, only a percentage of all textiles are currently recycled.”

Dirk Vantyghem, director general of EURATEX, said: “Our mandate is to represent the entire European textile ecosystem, which is around 200,000 companies in the EU generating 170 billion euros ($192 billion).

“For us, the big question is how do we reconcile sustainability and competitiveness. How do we push our companies towards reducing their footprint, being more sustainable while at the same time remaining competitive in this textile industry?”

Registration for the event is free and available via the link. Visit www.textilesrecyclingexpo.com to view the growing exhibitor list, the free-to-attend conference, and many more features. View the full press conference here: https://www.youtube.com/watch?v=eWR_FjpuEE8&t=432s

Textiles Recycling Expo | 4-5 June | Brussels, Belgium

Posted: May 9, 2025

Source: AMI

S&S Activewear Signs Exclusive Agreements With vineyard vines, Marmot

BOLINGBROOK, Ill.  — May 6, 2025  — S&S Activewear, a technology-enabled distributor of apparel and accessories in North America, announced the expansion of its portfolio through exclusive agreements with vineyard vines and Marmot. These additions deepen S&S’s extensive retail offerings and reflect the company’s continued focus on bringing customers the most sought-after apparel in the industry.

“S&S’s expanded partnership with vineyard vines and Marmot aims to keep our customers competitive,” said Toby Whitmoyer, chief commercial officer at S&S Activewear. “By aligning with brands like vineyard vines and Marmot, we’re not just expanding our line-up — we’re helping our customers grow, differentiate, and win in their markets. This is what we mean when we talk about elevating the options we bring to the table.”

vineyard vines brings a collection of laid-back, elevated styles inspired by the coastal lifestyle — from iconic polos and outerwear to bags and headwear. With this new partnership, S&S is now able to offer vineyard vines products across its entire customer base.

“At vineyard vines, we’re all about helping people live the ‘Every day should feel this good’ lifestyle,” said JoAnn Slattery, senior vice president, Wholesale and Licensed Stores of vineyard vines. “S&S Activewear understands the importance of delivering quality and consistency — values that align closely with our own. This continued partnership allows customers across the country to access custom products that reflect the vineyard vines lifestyle, whether for their teams, events, or businesses.”

Marmot bolsters S&S’s presence in the performance and outdoor category with a line of technical outerwear and gear built for serious conditions. Known for its quality and durability, Marmot is ideal for customers seeking premium products that can handle the elements — making it perfect for outdoor retailers, corporate gifting and active lifestyle programs.

Posted: May 9, 2025

Source: S&S Activewear

Thermore Launches Ecodown Fibers Sync: A New Frontier In Thermal Insulation Design

MILAN  — May 7, 2025  — Thermore, a producer of responsible thermal insulation, is proud to introduce Ecodown Fibers Sync — a groundbreaking free fiber inspired by the physics of stellar fusion. This new development represents the perfect balance between high performance, luxurious touch, and mindful design.

Thermore® Ecodown Fibers Sync

At the core of Ecodown Fibers Sync lies the power of dual-performance fibers, carefully engineered to offer exceptional ultra-lofty softness and resilience. The result is a next-generation insulation with a uniquely cloud-like hand feel that resists clumping — a rare combination that ensures lasting volume, even after multiple washes.

With Ecodown Fibers Sync, Thermore opens up a universe of creative possibilities. This highly flexible insulation offers unmatched versatility, making it ideal for both streamlined for technical outerwear and voluminous for fashion silhouettes. Designers no longer have to choose between performance and expression — Ecodown Fibers Sync effortlessly supports both. Faithful to Thermore’s legacy, Ecodown Fibers Sync also marks a step forward in sustainable progress.

Crafted entirely from 100-percent recycled fibers sourced from post-consumer PET bottles, it reflects the brand’s enduring commitment to a more responsible design. Every fiber tells a story of transformation — from waste to warmth, from plastic to purpose.

In line with Thermore’s uncompromising quality standards, Ecodown Fibers Sync is certified GRS (Global Recycled Standard), confirming the authenticity of its recycled content and traceability throughout the production chain. In addition, Ecodown Fibers Sync is bluesign® and OEKO-TEX® Standard 100 certified, ensuring that the product is free from harmful substances and meets the highest criteria for environmental and human safety. These certifications underscore Thermore’s dedication to responsible innovation and transparency.

With this launch, Thermore redefines what thermal insulation can be — not just a functional layer, but a core element of a garment’s identity. Ecodown Fibers Sync is more than insulation: it’s an invitation to reimagine the future of outerwear, where responsibility, performance, and style align in perfect harmony.

Posted: May 9, 2025

Source: Thermore

Advanced Textiles Association® (ATA) Announces Many New Member Benefits

ROSEVILLE, Minn. — May 7, 2025  — Advanced Textiles Association® (ATA) is excited to introduce ATA Perks Plus, a new suite of benefits to support members in both their personal and professional lives. Available to ATA members in the United States and Canada as well as their employees, some perks extend to international members.

To join ATA and take advantage of these perks, email Kimberly and Taresa at membership@textiles.org.

“We continuously seek ways to enhance and clearly showcase the value we provide to our members. This step is part of our ongoing commitment to strengthening that value proposition,” said Steve Schiffman, ATA president/CEO.

One new benefit comes from a vendor that is already popular among industrial businesses: Cintas gives exclusive discounts on uniforms, supplies and more.

Other benefits extend to both work and play. Trusted Translations gives 25 percent off translation and interpretation services, while Engine — also available to international members — provides savings on both business and leisure travel. To ease travel costs even further, members can save up to 50 percent with Hertz car rentals.

Members can purchase floral arrangements and gifts with a 25 percent discount from FTD Companies and save on purchases, both at work and home, through Ace Hardware, Lowes, GE, ODP Business Solutions, Staples and more. In addition, Lenovo offers ATA members high-quality, secure and user-friendly technology and computer products at a discount. T-Mobile offers member discounts on monthly plans, devices, team management and mobile security, while Amazon Business gives you a wide range of exclusive benefits.

Operational support is also a part of ATA Perks Plus. Members can access resources for things like marketing and payroll, with a 60-day free trial of Constant Contact’s email marketing and online survey services and discounted prepaid monthly plans thereafter, and discounted payroll services from ADP with no setup fee. A new benefit from UPS enhances ATA’s existing preferred shipping offerings from FedEx and freight providers and saves members substantially each year.

Additionally, ATA has launched a Business Succession Planning benefit, offering business valuations, buy-sell agreement assistance and exit strategy planning, helping owners prepare for both planned and unplanned events. Many assume succession happens only after retirement, but statistics show it often occurs much earlier.

After receiving member feedback, we’ve secured a new broker for ATA Business Insurance. Forrest T. Jones has an almost 70-year track record of providing cost- effective and industry-specific insurance solutions. Members will have access to options like Property, Inland Marine, Liability, Work Comp/EPL, Cyber and more.

This expanded suite of member benefits is part of ATA’s commitment to forge member connections and help our members grow their businesses.

“The team at ATA has been listening to our members to identify and meet their business needs. We are committed to finding new ways to enhance the value of ATA membership, and this is just a start.” said Sheila Sumner, CFO and Vice President of ATA.

“We’re thrilled to introduce these enhanced benefits and look forward to seeing our members take full advantage of them.”

You can learn more about each individual benefit, its perks and which member countries qualify on our website: https://www.textiles.org/membership/benefits/#tab-30f3c6c7a2d30258aee

Posted: May 8, 2025

Source: The Advanced Textiles Association® (ATA)

Destination Porto, Portugal For The 93rd Textile Institute World Conference

MANCHESTER, England — May 8, 2025  — The 93rd Textile Institute World Conference (TIWC 2025) will take place at the Porto Palácio Hotel and Spa in Porto, Portugal, from October 7-10 2025.

Fibre to Future – Transforming Fashion and Textiles through Sustainability, is the theme of this unmissable event which will explore how sustainability and digitalization are reshaping the industry — from fiber production and manufacturing to consumer use and end-of-life solutions.

© Porto Palácio Hotel and Spa

The fast-emerging new approaches to addressing sustainability challenges and the digital technologies that are now enhancing efficiency and transparency will be fully explored over the four-day program, with insights from leading academics, industry experts and policymakers. Actionable strategies for reducing environmental impact, minimizing waste, and embracing zero-carbon solutions in line with global sustainability goals will be highlighted.

“A key aim of the TWIC is to foster collaboration between industry and academia, creating a shared vision for a sustainable and digital future in textiles,” said Textile Institute CEO Stephanie Dick. “This year’s conference is hosted by AQUITEX, an established Portuguese specialist in the development of chemicals and auxiliaries for the textile industry — the first time a company has hosted the event. Join us in shaping the next chapter of the textile industry and be a part of the global conversation on sustainability and innovation.”

Full details of the conference program will be published shortly and invitation letters for visa applications will be provided where necessary. For more information contact senior events coordinator Robyn Ingham at ringham@textileinst.org.uk

Posted: May 8, 2025

Source: The Textile Institute

IDEA®25 And Filtxpo™ 2025 Deliver Resounding Success For Nonwovens And Filtration Industries

CARY, N.C. — May 7, 2025  — INDA’s IDEA®25 and FiltXPO™ 2025, held concurrently from April 29 to May 1 at the Miami Beach Convention Center, delivered unparalleled value to the nonwovens and filtration industries.

Combining exhibitions, conferences, training opportunities, and awards, these co-located events served as essential global platforms to drive business growth, share knowledge, and advance the industry.

“The energy and engagement at IDEA and FiltXPO were outstanding,” said INDA President & CEO Tony Fragnito. “Seeing thousands of global leaders and innovators converge in Miami Beach underscores the vital importance of face-to-face interactions not just for project updates and business development but also for discussing industry challenges and opportunities. The quality of the attendees and the volume of business conducted are a powerful testament to the industry’s interconnected supply chains and vibrant global industry outlook.”

Exhibition and Conference Highlights

IDEA, the global nonwovens and engineered materials exhibition, and FiltXPO, the international filtration conference and exhibition, featured more than 650 exhibitors, showcasing a comprehensive view of the latest innovations and solutions across the supply chain.

Exhibitors and attendees at both events reported overwhelming satisfaction with the volume of qualified leads and the presence of key decision-makers, including C-suite leaders. The popular Lightning Talk presentations drove booth traffic and interest while INDA added further value by presenting critical market data during the show.

INDA partnered with the American Filtration and Separations Society (AFS) to bring the FiltXPO Advances in Filtration Conference to industry leaders. Discussions at this conference covered circularity, healthy buildings, indoor air quality in data centers, and nonwoven filtration media innovation.

Both conferences brought industry professionals together to share knowledge and strategies to advance sustainable practices, highlighting the need for ongoing innovation, regulatory compliance, and incorporating eco-friendly materials to foster a more sustainable future.

New at FiltXPO was a poster session showcasing 23 companies with their latest research, technologies, and innovations.

Educational Value

Specialized training opportunities at IDEA provided in-depth knowledge on critical industry topics, including introductions to nonwovens and wet wipes, baby and adult absorbent hygiene systems, and period products innovation. FiltXPO offered a comprehensive two-day Filter Media Training Course.

Achievement Awards

The FiltXPO awards, in partnership with International Filtration News, were presented to Greentech Environmental LLC (Air/Gas Filtration), Filtration Advice Inc. (Filtration Equipment), and Ahlstrom (Water/Liquid Filtration).

INDA announced that FiltXPO will be held October 28-29, 2026, in Minneapolis, Minn., and IDEA will take place March 23-25, 2027, in Kansas City, Mo.

Posted: May 8, 2025

Source: INDA, The Association of the Nonwoven Fabrics Industry

CNBC/NRF Retail Monitor Shows April Sales Growth As Consumers Stocked Up Ahead Of Tariffs

WASHINGTON, D.C. — May 8, 2025  — Retail sales grew in April as many consumers moved up buying to avoid higher prices expected to come with tariffs, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation.

“Spending rose again in April, driven largely by consumers continuing to pull purchases forward to stay ahead of tariffs that will inevitably lead to higher prices,” NRF President and CEO Matthew Shay said. “Despite declines in confidence caused by the economic uncertainty that has come with tariffs, consumer fundamentals remain intact, supported by low unemployment, slower-but-steady income growth and solid household finances. Consumers maintain their ability to spend and have strong reasons to spend now before tariffs can drive up prices or cause shortages on store shelves.”

Total retail sales, excluding automobiles and gasoline, were up 0.72 percent seasonally adjusted month over month and up 6.76 percent unadjusted year over year in April, according to the Retail Monitor. That compared with increases of 0.6 percent month-over-month and 4.75 percent year over year in March.

The Retail Monitor calculation of core retail sales (excluding restaurants in addition to automobile dealers and gasoline stations) was up 0.9 percent month-over-month in April and up 7.11 percent year-over-year. That compared with increases of 0.4 percent month-over-month and an increase of 5.07 percent year-over-year in March.

Total sales were up 5.08 percent year-over-year for the first four months of the year and core sales were up 5.5 percent.

In addition to strong tariff-driven spending, year-over-year comparisons were likely boosted because Easter fell in April this year after falling in March last year.

Unlike survey-based numbers collected by the Census Bureau, the Retail Monitor uses actual, anonymized credit and debit card purchase data compiled by Affinity Solutions and does not need to be revised monthly or annually.

April sales were up in eight out of nine categories on a yearly basis, led by digital products, electronics and appliance stores, and grocery and beverage stores. Sales were also up in eight out nine categories on a monthly basis. Specifics from key sectors include:

  • Digital products were up 0.62 percent month-over-month seasonally adjusted and up 27.67 percent year-over-year unadjusted.
  • Electronics and appliance stores were up 2.8 percent month-over-month seasonally adjusted and up 10.5 percent year-over-year unadjusted.
  • Grocery and beverage stores were up 0.59 percent month-over-month seasonally adjusted and up 9.51 percent year-over-year unadjusted.
  • Sporting goods, hobby, music and book stores were up 0.81 percent month-over-month seasonally adjusted and up 9.19 percent year-over-year unadjusted.
  • Health and personal care stores were up 1.43 percent month-over-monthh seasonally adjusted and up 8.51 percent year-over-year unadjusted.
  • General merchandise stores were down 0.02 percent month-over-month seasonally adjusted but up 6.67 percent year-over-year unadjusted.
  • Clothing and accessories stores were up 1.14 percent month-over-month seasonally adjusted and up 5.14 percent year-over-year unadjusted.
  • Furniture and home furnishings stores were up 0.86 percent month-over-month seasonally adjusted and up 0.09 percent year-over-year unadjusted.
  • Building and garden supply stores were up 2.77 percent month-over-month seasonally adjusted but down 2.1 percent year-over-year unadjusted.

To learn more, visit nrf.com/nrf/cnbc-retail-monitor.

Posted: May , 2025

Source: The National Retail Federation (NRF)

Meet The Recipients Of The 2025 IDEA® Achievement Awards And Filtxpo™ Innovation Awards

CARY, N.C. — May 8, 2025 — The winners of the 2025 IDEA® Achievement Awards and FiltXPO™ Innovation Awards were announced during special ceremonies held April 29 and 30 at the Miami Beach Convention Center in Miami Beach, Florida.

Presented at the collocated IDEA25 and FiltXPO 2025 events, the awards celebrate outstanding innovations driving progress in nonwovens and filtration. INDA, the Association of the Nonwoven Fabrics Industry, collaborated with International Filtration News for the FiltXPO Awards and Nonwovens Industry magazine for the IDEA Achievement Awards.

“The recipients of the IDEA and FiltXPO Awards exemplify the ingenuity and forward-thinking that drive our industries forward,” said Dr. Matt O’Sickey, director of Education & Technical Affairs, INDA. “Their groundbreaking products are not only shaping the future of nonwovens and filtration — they are redefining what’s possible. These innovations remind us that progress is built on vision, persistence, and a commitment to solving the challenges of tomorrow.”

“The International Filtration News is proud to sponsor the FiltXPO Filtration Awards. These award-winning innovations, and the honored nominees, are more than technical achievements — they’re powerful solutions advancing performance, sustainability, and the future of our industries. Each represents the kind of forward-thinking impact that we cover in our FiltNews pages, which keeps nonwovens and filtration at the forefront of meaningful change,” said Caryn Smith, IFN publisher and chief content officer.

“Both the finalists and the winners of this year’s IDEA Innovation Awards truly reflect how strong innovation is across the entire nonwovens supply chain,” said Karen McIntyre, editor, Nonwovens Industry. “Nonwovens Industry is proud to once again partner with INDA to support and honor the companies working hard every day to advance our industry and create new solutions to better serve the needs of both people and our planet.”

IDEA® Equipment Achievement Award

Dilo Systems GmbH – MicroPunch

The rising energy costs and water shortages have led to a re-evaluation of production methods, with a stronger focus on environmental impact. With MicroPunch, it is possible to reduce energy consumption by approximately 75 percent compared with other consolidation techniques that produce lightweight nonwovens. This technology enhances efficiency and reduces the manufacturing costs and the environmental footprint.

IDEA® Nonwoven Products Achievement Award

Innovatec Microfibre Technology GmbH & Co. KG – InnovaWipe® Water-Soluble Nonwoven

This water-soluble nonwoven is completely biodegradable under both aerobic and anaerobic conditions. It offers excellent resistance to oils, greases and chemicals. It does not leave any microplastics behind, breaking down into carbon dioxide, water and biomass. It also has no ecotoxic effects, is safe for the marine environment and does not cause fatbergs or blockages in wastewater systems — flushable and home compostable.

IDEA® Raw Materials Achievement Award

Woolchemy NZ Ltd. – neweFibre

Woolchemy’s neweFibre is the world’s first hygiene-grade wool, engineered for high-performance, sustainable hygiene products. This fully traceable, renewable fiber enhances moisture management, thermal comfort, and odor control. Seamlessly integrating into production, neweFibre powers innovations like neweFlex ADL for exceptional fluid distribution and skin dryness.

IDEA® Short-life Achievement Award

Egal Pads Inc. – Egal™ Pads on a Roll

At Egal, we believe pads should be as common as toilet paper.  Our vision is that “pads on a roll” will be put in every toilet stall — where they are needed most — to ensure privacy and dignity to all who menstruate. Egal pads are manufactured in roll form, 40 individually wrapped on each roll, so they can be mounted on existing toilet paper dispensers or in Egal’s custom-designed dispensers.

IDEA® Long-life Achievement Award

Magnera – Sontara® EcoRE Bag

EcoRE bags are produced entirely from cellulosic fibers, presenting a sustainable alternative to traditional synthetic materials. Made with Sontara fabric certified by OK compost HOME, these bags maintain their durability and strength without the need for added binders, addressing a common concern with compostable goods. With plastic bag bans now in place in many states, Sontara offers a timely and eco-friendly solution for the retail and shopping market.

IDEA® Sustainability Advancement Award

KINDCLOTH™ – PURA HEALTH Insect Repellent – Water Dissolvable Wipes

This wet wipe combines water-dissolvable Hydropol™ technology with a natural formula featuring lemongrass and citronella. Designed for eco-conscious consumers, this innovative wipe provides effective insect protection while leaving no waste behind. Certified biodegradable, flushable, and designed not to create harmful microplastics, it safeguards fragile ecosystems and supports sustainability goals.

IDEA® Entrepreneur Award

Dude Products Inc.

In less than a decade, the Dude Wipes brand has grown from an entrepreneurial concept conceived in a bachelor’s post-college apartment to a more than $200 million global brand. These flushable wipes have flourished in flushable wipes industry, successfully going head to head against multinational consumer product companies Kimberly-Clark, S.C. Johnson, and Procter & Gamble.

FiltXPO Air/Gas Filtration Award

Greentech Environmental LLC – Greentech Filters with ODOGard®

ODOGard® technology deeply integrates odor-neutralizing polymers into nonwoven and nanofiber filters, offering an innovative, non-toxic approach to indoor air quality. ODOGard significantly enhances filtration durability and performance.

FiltXPO Water/Liquid Filtration Award

Ahlstrom – BioProtect™

Ahlstrom’s sustainable BioProtect™ material offers superior dye-catching performance for laundry applications. Manufactured from 100 percent naturally derived fibers and OC-Biobinder®, BioProtect is both biobased and home compostable, combining premium performance with environmental responsibility.

FiltXPO Filtration Equipment Award

Filtration Advice Inc. – FA-TCO Software

This cutting-edge software provides comprehensive Total Cost of Ownership (TCO) analysis and predictive modeling for air filtration systems. FA-TCO enables data-driven decisions, extending filter lifespans, reducing operational costs, and enhancing overall sustainability in filtration management.

Posted: May , 2025

Source: INDA, The Association of the Nonwoven Fabrics Industry

Rieter To Acquire Barmag From OC Oerlikon To Accelerate Its Growth Strategy And Become A Market Leader In Natural And Manmade Fibers

WINTERTHUR, Switzerland — May 6, 2025 —  Rieter has signed a definitive agreement to acquire Barmag from OC Oerlikon for an upfront equity purchase price of CHF 713 million. The acquisition will create a globally leading player in natural and manmade fibers, headquartered in Winterthur, Switzerland, and is highly complementary to Rieter’s short-staple fiber business.

Barmag is a provider of filament spinning systems used for manufacturing manmade fibers, texturing machines, BCF1) systems, staple fiber spinning and nonwovens solutions and – as an engineering services provider – offers solutions along the textile value chain. In the financial year 2024, the company generated sales of CHF 734 million with around 2 600 employees.

Barmag comprises the established product brands Oerlikon Barmag, Oerlikon Neumag and Oerlikon Nonwoven. The main markets for the Barmag product portfolio are China, India, Türkiye and the United States of America. The innovative and technologically advanced products are developed in Remscheid and Neumünster (Germany) as well as Suzhou and Wuxi (China).

As fiber consumption is projected to rise, most of the growth is expected to come from manmade fibers. The increase of natural fibers such as cotton and linen is limited due to natural boundaries. Manmade fibers will help to meet expanding demand for clothing, technical and home textiles. The strategic acquisition of Barmag will transform Rieter into a leading supplier for converting natural and manmade fibers into yarn.

The transaction is fully in-line with Rieter’s strategy and follows previous acquisitions, where Rieter complemented its portfolio in short-staple fiber machinery and expanded its footprint in components and machinery for manmade fiber production. The combined platform allows to leverage the recovery of global filament and short staple fiber spinning markets and to reduce cyclicality due to diversification of end-markets. The acquisition will further enhance Rieter’s position in the important Asia-Pacific region and provide access to Barmag’s filament expertise, which will help to further scale Rieter’s own capabilities and improve digitization solutions and product sustainability.

Thomas Oetterli, CEO of Rieter: “We are very proud to welcome Oerlikon Barmag, Oerlikon Neumag and Oerlikon Nonwoven to Rieter. We are convinced that this combination will form a market leader in the textile industry which will create value for our shareholders, customers and employees.”

Georg Stausberg, CEO of Barmag: “With this solution, we will have the best new ownership possible, as we will benefit from each other as textile companies from market understanding, technology expertise and complementary offering for our global customer base.”

The enterprise value of CHF 850 million represents a through-the-cycle EV/EBITDA2) of 6.3x (excluding synergies). If certain financial criteria are achieved by 2028, an earn-out component will be paid to the seller. The acquisition is expected to enhance Rieter’s financial performance given Barmag’s structurally higher through-the-cycle profitability and margin resilience in market downturn.

The acquisition financing is secured by a bridge loan facility. Refinancing of the bridge facility will happen through a fully underwritten CHF 400 million rights issue with tradable subscription rights, a CHF 77 million non-pre-emptive private placement which is fully committed and subscribed by Rieter’s two largest shareholders and a bank financing.

Rieter’s largest shareholder, Peter Spuhler (c. 33% shareholding) is supportive of the transaction and committed to participating in the rights-issue pro-rata by exercising its subscription rights as well as investing additional capital through the non-pre-emptive capital raise. After the capital increase, PCS Holding AG is expected to retain a shareholding of c. 33%.

Additionally, Rieter’s second-largest shareholder, Martin Haefner (c. 10%), also supports the transaction and has committed to participating pro-rata in the rights-issue by exercising its subscription rights and investing additional capital through the non-pre-emptive capital raise.

Rieter remains committed to strong balance sheet stability and expects to delever quickly from a pro forma combined leverage per end of 2024 of c. 3x post the CHF 477 million equity capital increase driven by cash generation of the combined entity. An extraordinary General Meeting (“EGM”) is expected to be convened in the third or fourth quarter of 2025 to obtain shareholder approval for the capital increase in connection with the rights issue and the private placement. The definite terms of the rights issue are expected to be determined and communicated on or around the date of the EGM. The acquisition of Barmag is subject to customary closing conditions, including regulatory approvals. Rieter is confident it will obtain all regulatory clearances. The closing of the acquisition is targeted for Q4 2025.

Alantra is acting as exclusive financial advisor and Lenz & Staehelin as legal advisor to Rieter. UBS underwrites the bridge loan facility and acts as Sole Global Coordinator, Sole Bookrunner and Sole Manager of the capital increase.

1) Bulked Continuous Filament
2) Based on adjusted EBITDA for the financial years 2017-2024

Posted: May 6, 2025

Source: Rieter AG

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