# Fitesa acquires 51% stake in CNC Group

Fitesa Group acquired 51% of Thailand's CNC Group in 2018 and set up a joint venture in Tokyo, focusing on the hygiene market.

- Type: Acquisition
- Announced: 2018-01-01
- Where: Thailand
- Status: completed
- Products: spunbond nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Fitesa](https://endata.com/companies/22228.md) (acquirer)
- [CNC Group](https://endata.com/companies/37618.md) (target)

## Sources

- [m.ces.cn](http://m.ces.cn/news/show-132333.html), 2019-02-27: "收购CNC集团是公司进军全球纺粘非织造材料和卫生用品生产地区的重要举措。"

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