# FTC to acquire 50% stake in Schoeller Textil for CHF 40M

FTC (Formosa Taffeta Co., Ltd.) announced it will invest up to CHF 40 million (about TWD 12.3 billion) to subscribe to a capital increase of Swiss functional fabric maker Schoeller Textil, acquiring a 50% stake to expand into high-end applications.

- Type: Acquisition
- Announced: 2019-10-17
- Where: Switzerland
- Value: $40.0M (40.0M CHF)
- Status: announced
- Products: functional fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Formosa Taffeta Co., Ltd.](https://endata.com/companies/42756.md) (acquirer)
- [Schoeller Textil](https://endata.com/companies/42757.md) (target)

## Sources

- [news.cnyes.com](https://news.cnyes.com/news/id/4397484), 2019-10-17: "福懋 (1434-TW) 今 (17) 日公告，擬以不超過瑞士法郎 4000 萬元(約新台幣 12.3 億元)，認購瑞士機能布廠 Schoeller Textil 現金增資，預計將取得 50% 股權，拓展高階應用市場。"
- [sgieurope.com](https://www.sgieurope.com/formosa-taffeta-will-acquire-a-50-percent-stake-in-schoeller-/70018.article), 2019-11-08: "Formosa Taffeta will acquire a 50 percent stake in Schoeller Textil in March of next year, after receiving the approval of its board of directors."

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