# Tenowo acquires Resintex Industriale

Tenowo GmbH, a subsidiary of Hoftex Group AG, acquired all shares of Resintex Industriale S.r.l., a Milan-based specialist in nonwovens for apparel and medical applications with annual revenue of about EUR 3.5 million and 30 employees. The purchase price was not disclosed.

- Type: Acquisition
- Announced: 2018-09-28
- Where: Milan, Italy
- Status: completed
- Products: nonwovens for apparel and medical applications
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Tenowo](https://endata.com/companies/21355.md) (acquirer)
- [Hoftex Group](https://endata.com/companies/24295.md) (partner)
- [Resintex Industriale S.r.l.](https://endata.com/companies/34597.md) (target)

## Sources

- [textination.de](https://textination.de/de/news/archive?%3Bsa=u%27&newstype=205&page=%2C142), 2018-09-28: "Die Tenowo GmbH hat mit Wirkung zum 1.10.2018 sämtliche Geschäftsanteile an der Resintex Industriale S.r.l. mit Sitz in Mailand erworben."
- [equityfactory.it](https://equityfactory.it/en/equity-factory-assisted-the-shareholders-of-resintex-industriale-s-r-l-in-the-sale-to-tenowo-gmbh/), 2018-09-30: "Equity Factory assisted the shareholders of Resintex Industriale S.r.l. in the sale to Tenowo GmbH, a company of Hoftex Group AG."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/tenowo-acquires-italian-nonwovens-producer-988288/), 2018-10-01: "With effect from October 1, 2018, Hoftex Group AG subsidiary Tenowo GmbH acquired all of the shares of Resintex Industriale S.r.l."

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