Obeetee Textiles

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2023202420252026

AcquisitionPartnership

Jun 28, 2023PARTNERSHIPVisundarpur, Uttar Pradesh, India
TWE Group and Obeetee Textiles form joint venture TWE OBT in India
TWE Group and Obeetee Textiles have formed a strategic joint venture, TWE OBT, to manufacture nonwoven products for the health and hygiene sector in India. TWE has acquired a 50% shareholding in OTL, and the JV will invest in a new facility.
TWE Group partner Obeetee Textiles partner #Industrial Textiles innovationintextiles.com technicaltextiles.in nonwovensnews.com
May 31, 2023ACQUISITIONIndia, India$12.5M
TWE Group acquires 50% stake in Obeetee Textiles for nonwovens JV
TWE Group GmbH acquired a 50% stake in Obeetee Textiles (OTL) to form a 50:50 joint venture, TWE OBT, which will set up a new facility in India to manufacture nonwoven products for the health and hygiene sector.
TWE Group acquirer Obeetee Textiles target Obeetee Pvt Ltd partner #Industrial Textiles business-standard.com infashionbusiness.com textileinsights.in

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