Vargas Holding

Activity by year

2023202420252026

AcquisitionPartnership

Mar 6, 2024PARTNERSHIPNorth Carolina, United States$600.0M
H&M Group and Vargas Holding launch Syre to scale textile-to-textile polyester recycling
H&M Group and Vargas Holding co-founded Syre, a venture to scale textile-to-textile recycled polyester, also backed by TPG Rise Climate. H&M Group secured a $600 million offtake agreement with Syre over seven years. Syre is building a production plant in North Carolina, USA, intended to be operational in 2024.
Syre TPG Rise Climate investor H&M partner Vargas Holding partner #Industrial Textiles hmgroup.com
Oct 17, 2023ACQUISITIONGlauchau-Zwickau, Germany
Aira acquires German heat pump platform Garant Wärmesysteme
Aira, a Swedish company focused on residential heating, has acquired Garant Wärmesysteme, a German heat pump platform. The acquisition aims to accelerate Aira's expansion in Germany and includes plans to establish the Aira Academy in Glauchau-Zwickau.
Aira acquirer Garant Wärmesysteme target Vargas Holding investor #HVAC and Industrial Refrigeration startbase.com translinkcf.de

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