# Junfu Nonwovens acquires 70% stake in SAAF from Takween

Junfu Nonwovens Materials Co., Ltd. signed an agreement to acquire 70% of Advanced Fabrics Factory Company (SAAF) from Takween Advanced Industries. The deal expands Junfu's presence into medical nonwovens and adds production in the Middle East.

- Type: Acquisition
- Announced: 2020-12-30
- Where: Al Khobar, Saudi Arabia
- Status: announced
- Products: spunmelt nonwovens for medical and hygiene
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Takween Advanced Industries](https://endata.com/companies/47767.md) (partner)
- [Junfu Nonwovens Materials](https://endata.com/companies/60009.md) (acquirer)
- [Advanced Fabrics Factory Company (SAAF)](https://endata.com/companies/60010.md) (target)

## Sources

- [ynia.net](http://ynia.net/news/html/?3259.html=), 2021-12-31: "收购 SAAF将使我们真正进入医疗市场——它使我们增加了产能，也扩展了我们的产品。"

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