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Texol Srl and Orsa Group have formed a new entity, Or-Tex Srl, co-owned 50/50, combining their nonwovens activities. Texol sold its OR.MA. Srl shares and Orsa sold its Orsa Nonwoven shares to Or-Tex.
“This merger represents a great opportunity for both groups to enhance their production capacity, offer customers a more comprehensive product portfolio and establish valuable synergies to improve every aspect of the business.”nonwovens-industry.com
Summarized from public sources; check the original articles before acting on it.