Spinnova signs letter of intent to acquire Tearfil for EUR 500,000

Spinnova has signed a non-binding letter of intent to acquire all shares of Portuguese yarn spinner Tearfil for an initial purchase valuation of EUR 500,000 in cash and shares. The deal is intended to strengthen Spinnova's position in the textile value chain.

“Tearfil has been an important partner for Spinnova, playing a key role in advancing SPINNOVA® fibre toward commercial applications.”spinnovagroup.com

• 2 sources
• spinnovagroup.comInside Information: Spinnova signs letter of intent regarding potential acquisition of Tearfil and related EUR 1.5 million bridge loan financing - SpinnovagroupSep 17, 2026
• ecotextile.comSpinnova moves to purchase Tearfil | Ecotextile NewsAlfie PattersonSep 17, 2026

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