Technical Textiles Mergers, Acquisitions and Divestures

Live Oak Capital, LLC

We understand the nuances of the domestic and international technical textile industry and bring over 70 years of combined business, technical and financial expertise. The current economic climate is an ideal time for sellers to locate buyers seeking to diversify and for buyers to identify growth opportuFor a confidential conversation contact:

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Zünd Establishes New Subsidiary in Spain

Zünd Systemtechnik is moving closer to its customers on the Iberian Peninsula. Starting January 1, 2023, Zünd acquired its long-standing sales partner Sign-Tronic, which is based in Barcelona, Spain.

Sign-Tronic was established in 1990 and has been an official sales and service partner of Zünd Systemtechnik since 1994. Zund Ibérica serves numerous customers in Spain, Portugal and Andorra.

Jordi Lorente is the new CEO of Zund Ibérica and will be actively supported by the previous co-owner and managing director, Flemming Jensen. Rosa Miralles, also a co-owner, will continue to work in an executive capacity at Zund Ibérica.

Zund Ibérica currently employs 15 people. With more than 1,000 cutters in- stalled, Zund Ibérica is one of the most experienced distributors of both digital cutting systems and software and workflow solutions on the Iberian market. It has its own showroom, which allows customers and interested parties to experience the many possibilities of Zünd’s digital cutting technology in person. Its staff consists of proven experts in consulting, training, installation, and service. www.zund.com

Burlington Performance Apparel Introduces Biobased Stretch Fabric Collection

Burlington Performance Apparel showcased Synatural at the Outdoor Retailer Snow Show in Salt Lake City, Utah recently. A greener stretch option, Synatural is a unique fabric collection that features planet-positive yarn technology with natural fiber-like aesthetics, engineered for adaptable fabric solutions with lasting comfort and multifunctional performance.

Burlington’s stretch yarn technology includes custom weaves, recycled nylon, and more using Sorona, a partially bio-based polymer that delivers increased stretch performance. The fabrics in this collection include a minimum of 30 percent recycled content and 23 percent bio-based products, according to Burlington. www.burlingtonfabrics.com

Tech Absorbents Receives Oeko-Tex Certification for Washable Technology

Oekotex 100 certification has been secured by Technical Absorbents for their washable technology.

Over the past 12-months, the washable superabsorbent fabrics manufactured by Technical Absorbents Ltd (TAL) have become increasingly popular within the reusable hygiene market. During that time, not only has TAL received a huge amount interest from companies looking to create new, or improve their current range of, period and incontinence products, it has achieved Oekotex certification for its washable fabric technology offering.

TAL has been developing its washable superabsorbent fabric product offering for some time – with further innovative grades in the final stages of validation for launch later this year. The fabrics, a blend of its own Super Absorbent Fibre (SAF) and other components – have been engineered for use as the absorbent core in reusable hygiene garments. Once integrated within the final product, they provide elevated levels of absorption and retention so that the wearer can go about their daily life with confidence.

www.exploresaf.com

Renewcell Dispatches First Shipment of Circulose

Renewcell dispatched the first shipment of Circulose® dissolving pulp produced at its Renewcell 1 plant in Sundsvall, Sweden to a customer earlier this month. This sale is the latest step in the ramp-up of Renewcell 1 to its initial capacity of 60,000 tonnes per year.

Founded by innovators from Stockholm’s KTH Royal Institute of Technology in 2012, Renewcell is a multi-award-winning sustaintech company based in Sweden, with a visionto make fashion circular.

Through its patented process, Renewcell is able to recycle cellulosic textile waste, such as worn-out cotton clothes and production scraps, transforming it into a pristine new material called Circulose®.

www.renewcell.com

Suominen Considers Closure of Italian Plant

Nonwovens manufacturer Suominen has begun a consultation procedure aimed at permanently closing its manufacturing facility in Mozzate, Italy.

The move comes after the company determined that the lines at the plant were not best suited for sustainable fibers and combined with high operating costs, means that the plant is not operating competitively.

In a statement, Suominen said it will start consultation with local trade unions regarding a plan to end production at the plant during the second quarter of 2023.

The consultation will be conducted in accordance with the Italian legislation and applicable National Collective Agreement and is aimed to be completed within 90 days. The Mozzate site currently employs 92 people, working both in production and in office roles.

www.suominen.fi