# CBF Balducci acquires 49.5% stake in P&P Loyal

CBF Balducci, an Italian workwear company, completed the acquisition of a 49.5% stake in P&P Loyal, a group partnered with Indian textile conglomerate Loyal Textile Mills. The deal aims to expand CBF Balducci's international presence and share know-how.

- Type: Acquisition
- Announced: 2024-07-03
- Where: India
- Status: completed
- Products: workwear
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [P&P Loyal](https://endata.com/companies/76668.md) (target)
- [CBF Balducci](https://endata.com/companies/78423.md) (acquirer)
- [Loyal Textile Mills](https://endata.com/companies/78424.md) (partner)

## Sources

- [cronachemaceratesi.it](https://www.cronachemaceratesi.it/2024/07/03/nuovi-orizzonti-in-india-per-la-cbf-balducci-acquistato-il-495-di-pp-loyal-condividiamo-obiettivi-ambiziosi/1872716/), 2024-07-03: "Siamo sin da subito determinati a lavorare bene per far crescere il brand P&P Loyal nel mondo del workwear in Italia e all'estero"

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