Bangkok-based Indorama Ventures Public Co. Ltd. (IVL) has acquired Tollegno 1900
S.p.A.’s wool spinning businesses, comprising a spinning and top-dyeing operation in Poland and a yarn dyeing operation in Italy. The strategic purchase helps IVL grow its wool business, strengthens the company’s footprint for worsted yarns in Europe, and extends IVL’s wool products globally with trading subsidiaries in America and Asia.
The businesses will operate under the new name Filatura Tollegno 1900. The company CEO, Giovanni Germanetti, will continue his role within the IVL organization; and President and Co-CEO Lincoln Germanetti, becomes COO.