# Tenowo to sell 49% stake in Supreme Nonwoven Industries to Indian co-shareholders

Tenowo GmbH, a subsidiary of Hoftex Group AG, will sell its 49% stake in Supreme Nonwoven Industries Pvt. Ltd. to its Indian co-shareholders. The transaction is expected to complete within 24 months.

- Type: Acquisition
- Announced: 2018-04-20
- Where: Mumbai, India
- Status: announced
- Products: nonwoven fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Tenowo](https://endata.com/companies/21355.md)
- [Hoftex Group](https://endata.com/companies/24295.md) (partner)
- [Supreme Nonwoven Industries](https://endata.com/companies/31457.md) (target)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/tenowo-to-exit-indian-jv/), 2018-04-20: "Tenowo GmbH, a wholly owned subsidiary of Hoftex Group AG, will sell its 49% stake in Supreme Nonwoven Industries Pvt. Ltd. to its Indian co-shareholders."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.