# Marfra acquires Alpargatas textile plants in Chaco and Corrientes for $8.5 million

Argentine cotton producer Marfra has acquired Alpargatas' textile plants in Chaco and Corrientes for $8.5 million, including a plant in Bella Vista, Corrientes. Marfra plans to invest $3 million to increase production capacity by 60% over 18 months.

- Type: Acquisition
- Announced: 2019-07-22
- Where: Chaco and Corrientes, Argentina
- Value: $8.50M
- Status: completed
- Capacity: 60% increase in production capacity
- Products: cotton yarn, denim fabric, workwear fabric
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Marfra](https://endata.com/companies/40805.md) (acquirer)
- [Alpargatas](https://endata.com/companies/40806.md) (target)

## Sources

- [cronista.com](https://www.cronista.com/apertura/empresas/la-chaquena-marfra-invertira-us-3-millones-en-la-fabrica-que-le-compro-a-alpargatas/), 2019-07-22: "Comprende un proceso completo."

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