# PET Baltija acquires Tesil Fibres

PET Baltija, a European PET recycler, has acquired Czech textile producer Tesil Fibres to vertically integrate operations and increase recycled material availability.

- Type: Acquisition
- Announced: 2022-08-30
- Where: Planá, Czechia
- Status: announced
- Capacity: 33,000 tonnes per year
- Products: recycled PET, textile fibers
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [SILON](https://endata.com/companies/25193.md) (partner)
- [PET Baltija](https://endata.com/companies/65003.md) (acquirer)
- [Tesil Fibres](https://endata.com/companies/65004.md) (target)
- [Eco Baltija](https://endata.com/companies/65210.md) (investor)

## Sources

- [tevonews.com](https://www.tevonews.com/fibres-yarns-news/3236-pet-recycler-acquires-fibre-firm), 2022-08-30: "PET Baltija, a leading European PET (Polyethylene Terephthalate) recycler, has acquired Czech textile producer Tesil Fibres in a bid to vertically integrate the two’s operations and increase the availability of recycled materials."
- [man-made-fibers.textiletechnology.net](https://man-made-fibers.textiletechnology.net/news/acquisition-of-leading-czech-fiber-producer-206723), 2022-09-08: "PET Baltija has agreed to acquire a leading Czech fiber producer Tesil Fibres s.r.o."

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