# Filidea acquires Hoftex CoreTech from Hoftex Group

Italian company Filidea announced the acquisition of Hoftex CoreTech from the German group Hoftex. The agreement was signed in May 2019, with closing on 1 September 2019.

- Type: Acquisition
- Announced: 2019-06-20
- Where: Drebach, Germany, Germany
- Status: announced
- Products: technical yarns
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Hoftex Group](https://endata.com/companies/24295.md)
- [Hoftex Group](https://endata.com/companies/24295.md) (partner)
- [Filidea](https://endata.com/companies/40123.md) (acquirer)
- [Hoftex CoreTech](https://endata.com/companies/40124.md) (target)

## Sources

- [innovationintextiles.com](https://innovationintextiles.com/filidea-acquires-hoftex-coretech/), 2019-06-20: "The Italian company Filidea, specialised in technical and performing products made out of natural, synthetic and artificial fibres, has announced the acquisition of Hoftex CoreTech from the German group Hoftex."
- [man-made-fibers.textiletechnology.net](https://man-made-fibers.textiletechnology.net/news/agreement-to-sell-hoftex-coretech-gmbh-207222), 2019-07-15: "Hoftex GmbH, a subsidiary of the manufacturer of yarns, fabrics and nonwovens, Hoftex Group AG, Hof/Germany, has signed an agreement to sell its subsidiary Hoftex CoreTech GmbH, Drebach /Germany, to Filidea Srl, Biella/Italy."

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