# Jofo Nonwovens completes purchase of majority stake in SAAF

Jofo Nonwovens has completed the purchase of 70% of shares of Advanced Fabrics (SAAF) from Takween Advanced Industries, gaining its first spunmelt operation outside China.

- Type: Acquisition
- Announced: 2021-07-08
- Where: Saudi Arabia
- Status: completed
- Products: spunmelt nonwovens, medical nonwovens, hygiene nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Advanced Fabrics (SAAF)](https://endata.com/companies/25027.md) (target)
- [Jofo Nonwovens](https://endata.com/companies/47116.md) (acquirer)
- [Takween Advanced Industries](https://endata.com/companies/47767.md) (partner)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/jofo-completes-saaf-purchase/), 2021-07-08: "Acquisition gives company first spunmelt operation outside of China."

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