# XM Textiles acquires textile business from Polish Textile Group

XM Textiles has signed an agreement to acquire the textile business of Polish Textile Group (PTG), effective August 1, 2024, integrating PTG's product line of fabrics, reflective tapes and sewing accessories.

- Type: Acquisition
- Announced: 2024-07-23
- Where: Poland
- Status: announced
- Products: fabrics for workwear, reflective tapes, sewing accessories
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [XM Textiles](https://endata.com/companies/78760.md) (acquirer)
- [Polish Textile Group](https://endata.com/companies/78761.md) (target)

## Sources

- [xmtextiles.com](https://www.xmtextiles.com/general-news/xm-textiles-acquires-textile-business-from-polish-textile-group-ptg/), 2024-07-23: "This strategic acquisition, which will take effect on August 1, 2024 is designed to consolidate resources, enhance product offerings, and expand market reach."

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