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Tenowo Acquires Italian Nonwovens Producer

Resintex Industriale specializes in the manufacturing and distribution of nonwovens for clothing and medical applications

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

With effect from October 1, 2018, Hoftex Group AG subsidiary Tenowo GmbH acquired all of the shares of Resintex Industriale S.r.l. based in Milan, Italy. Specializing in the manufacturing and distribution of nonwovens for clothing and medical applications, the Italian company generates annual sales of around €3.5 million. The parties have agreed not to disclose the purchase price. 

The integration of Resintex, which up to now has been a family-run enterprise with a current staff of 30 employees, into the Tenowo group creates the framework for optimally combining the technical and development expertise of both companies and enables the expansion and marketing of Resintex’s existing product portfolio. 

With the acquisition of Resintex Industriale S.r.l., Tenowo is continues its strategic corporate development as a technologically competent supplier of technical nonwovens, thus further expanding its market position for special applications in the nonwovens sector both nationally and internationally. 

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