# Toray to acquire Alva Sweden AB, airbag cushion manufacturer

Toray Industries agreed to purchase all shares of Alva Sweden AB, a manufacturer of cushions for automotive airbag systems, along with its subsidiaries in Portugal and Tunisia.

- Type: Acquisition
- Announced: 2019-08-29
- Where: Sweden
- Status: announced
- Products: airbag cushions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Toray Industries](https://endata.com/companies/4565.md) (acquirer)
- [Alva Sweden AB](https://endata.com/companies/41684.md) (target)
- [AB Anders Westerlind](https://endata.com/companies/41685.md) (partner)
- [Alva Confecções](https://endata.com/companies/41729.md) (target)
- [Alva Tunisia](https://endata.com/companies/41730.md) (target)

## Sources

- [asiantex.net](http://asiantex.net/2019/08/29/toray-to-acquire-alva-sweden-ab/), 2019-08-29: "Toray Industries, Inc. has concluded an agreement with AB Anders Westerlind to purchase all of the shares of Alva Sweden AB."
- [just-auto.com](https://www.just-auto.com/news/toray-industries-to-buy-all-shares-of-alva-sweden/), 2019-08-30: "The acquisition should enable Toray to enhance direct relationship and dealings with module manufacturers and, through them, with automakers."
- [texdata.com](https://www.texdata.com/news/Nonwovens-TechnicalTextiles/12521.html), 2019-09-05: "Toray Industries, Inc. announced that it has concluded an agreement with AB Anders Westerlind to decision to purchase all of the shares of Alva Sweden AB."

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