# Jofo reportedly in talks to buy 70% stake in SAAF

Jofo is reportedly in talks to acquire a 70% stake in Saudi nonwovens producer SAAF.

- Type: Acquisition
- Announced: 2020-06-10
- Where: Saudi Arabia
- Status: rumored
- Products: nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [JOFO Group](https://endata.com/companies/38330.md) (acquirer)
- [SAAF](https://endata.com/companies/47789.md) (target)

## Sources

- [je.st](http://je.st/news/Jofo-Reportedly-in-Talks-to-Buy-SAAF,2554802.html), 2020-06-10: "Company striking deal for 70% stake in Saudi nonwovens producer"

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