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New Deal


Announced

Industrie Chimiche Forestali to acquire Tessitura Lange.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Textile Products

Acquisition

textile products

Domestic

Majority

Pending

Friendly

Single Bidder

Italy

Private

Synopsis

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Industrie Chimiche Forestali, a manufacturer of advanced material products and specialty chemicals, agreed to acquire Tessitura Lange, a company that manufactures textile products. Financial terms were not disclosed. “I’d like to thank Mr. Cami for his esteem for me, my company and my team. Working with a solid group will guarantee us long-term visibility. We are historical suppliers of ICF and our mutual esteem has allowed us to reach this agreement, which will allow Tessitura Langè to work in synergy to grow, expand and improve our business while maintaining the diversification of our extensive customer portfolio," Langé Massimo, Tessitura Langé CEO.

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