# Fitesa acquires 51% stake in CNC International

Fitesa has acquired a 51% stake in Thai spunbond nonwovens maker CNC International. The joint venture will be renamed FitesaCNC and marks Fitesa's first presence in the Asian spunmelt market.

- Type: Acquisition
- Announced: 2018-07-26
- Where: Rayong, Thailand, Thailand
- Status: announced
- Capacity: approximately 40,000 tons per year
- Products: spunbond nonwovens
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Fitesa](https://endata.com/companies/22228.md) (acquirer)
- [CNC International](https://endata.com/companies/33349.md) (target)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/fitesa-buys-majority-stake-in-cnc/), 2018-07-26: "Fitesa has acquired 51% of spunbond nonwovens maker CNC International."
- [thefreelibrary.com](https://www.thefreelibrary.com/Fitesa+Buys+Stake+in+CNC+International.-a0555989525), 2018-09-01: "Fitesa has acquired a 51% stake in spunbond nonwovens maker CNC International."

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