# Tesca Group acquires Tuchfabrik Willy Schmitz

Tuchfabrik Willy Schmitz, a German textile manufacturer, was acquired by Tesca Group on March 2, 2020. Terms were not disclosed.

- Type: Acquisition
- Announced: 2020-03-02
- Where: Monchengladbach, Germany, Germany
- Jobs: 150
- Status: completed
- Products: garment textiles, technical textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Tesca](https://endata.com/companies/29862.md) (acquirer)
- [Tuchfabrik Willy Schmitz](https://endata.com/companies/45623.md) (target)
- [Willy SCHMITZ](https://endata.com/companies/45640.md) (target)

## Sources

- [cbinsights.com](https://www.cbinsights.com/company/tuchfabrik-willy-schmitz), 2020-03-02: "On March 2nd, 2020, Tuchfabrik Willy Schmitz was acquired by Tesca Group."
- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2020/03/automotive-textile-manufacturer-tesca-announces-the-acquisition-of-willy-schmitz-and-its-respective-business-units-in-monchengladbach-and-oberndorf-germany%E2%80%A8/), 2020-03-02: "TESCA and Willy SCHMITZ announce that they have closed a transaction whereby TESCA is acquiring the business of Willy SCHMITZ and its operations, located in Germany."
- [ai-online.com](https://ai-online.com/2020/03/tesca-announces-the-acquisition-of-willy-schmitz-and-its-respective-business-units-in-monchengladbach-and-oberndorf-germany/), 2020-03-02: "The TESCA and Willy SCHMITZ businesses are very complementary in terms of customer interface and geography."
- [knittingindustry.com](https://knittingindustry.com/tesca-acquires-automotive-fabrics-competitor-willy-schmitz/), 2020-03-05: "The Tesca and Willy Schmitz businesses are very complementary in terms of customer interface and geography."
- [texdata.com](https://www.texdata.com/news/Nonwovens-TechnicalTextiles/13064.html), 2020-03-05: "TESCA and Willy SCHMITZ announce that they have closed a transaction whereby TESCA is acquiring the business of Willy SCHMITZ and its operations"
- [textilemedia.com](https://www.textilemedia.com/mobiletex/latest-news/tesca-acquires-willy-schmitz/), 2020-04-13: "Automotive fabrics and seating components manufacturer Tesca has acquired Willy Schmitz, a supplier of automotive fabrics for an undisclosed sum."

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