# Orca Group creates third division by acquiring four composite fabric firms

Orca Group, backed by IDI, created a third division dedicated to carbon fabrics and technical composite materials by acquiring G. Angeloni, ITT, Dynanotex and Impregnatex and merging them into a single entity.

- Type: Acquisition
- Announced: 2019-07-02
- Where: Quarto d'Altino, Venice area, Italy
- Status: announced
- Products: carbon fabrics, technical composite materials
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [ITT Inc.](https://endata.com/companies/4662.md) (target)
- [IDI](https://endata.com/companies/24320.md) (investor)
- [Orca Group](https://endata.com/companies/31154.md) (acquirer)
- [G. Angeloni](https://endata.com/companies/40404.md) (target)
- [Industria Tessuti Tecnici](https://endata.com/companies/40405.md) (target)
- [Dynanotex](https://endata.com/companies/40406.md) (target)
- [Impregnatex](https://endata.com/companies/40411.md) (target)
- [Angeloni](https://endata.com/companies/40419.md) (target)

## Sources

- [boursorama.com](https://www.boursorama.com/bourse/actualites/idi-quadruple-acquisition-pour-le-groupe-orca-867cad7e369a7c13c14e928c8fb0e04e), 2019-07-02: "le Groupe ORCA a le plaisir d'annoncer la création d'une troisième branche dédiée aux tissus carbone et matériaux composites techniques en réunissant des partenaires historiques (G. Angeloni, ITT, Dynanotex et Impregnatex) en une entité unique et intégrée."
- [anderapartners.com](https://www.anderapartners.com/en/he-orca-group-acquires-italian-companies-angeloni-and-impregnatex/), 2019-07-02: "The ORCA Group, supported by Andera Partners and IDI since September 2015, continues its international development and diversification with the acquisition of Italian companies Angeloni and Impregnatex"
- [k-online.com](https://www.k-online.com/en/Media_News/News/ORCA_Fibre_manufacturer_takes_over_four_Italian_composites_specialists_Creation_of_Angeloni_group), 2019-08-15: "Flexible composites manufacturer the Orca group (Paris / France), backed by investment firm Idi (Paris; www.idi.fr), has announced the creation of its third branch the Angeloni group."

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