itma 2027

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro S.p.A. has acquired the “Finishing” business unit of Cibitex S.r.l., specialized in the development and manufacturing of technological solutions for textile finishing.

A Strategic Milestone for Ferraro and Cibitex

The transaction represents a strategic milestone for both companies and forms part of a broader path aimed at strengthening their industrial and commercial capabilities within the international textile sector.

Through the integration of the “Finishing” business unit, Ferraro S.p.A. further expands its portfolio of technologies and solutions dedicated to textile finishing, enhancing the know-how, technical expertise, and long-standing customer relationships developed by Cibitex over the years.

Industrial Continuity and Growth Opportunities

For Cibitex S.r.l., the agreement ensures industrial continuity and new growth opportunities for the “Finishing” business activities within an industrial group with a strong international presence and extensive experience in the textile industry.

The parties confirm that the transaction will ensure continuity for customers, business partners, and employees involved, with the objective of preserving and further developing the technological and professional heritage built by the business unit.

Company Statements

“This acquisition marks an important step in Ferraro’s growth strategy and strengthens our ability to offer increasingly comprehensive and innovative solutions to customers in the textile sector,” stated Simone Ferraro and Leo Petruzio, managing directors of Ferraro S.p.A.

“We believe Ferraro is the ideal partner to enhance the potential of the Finishing business unit and to ensure continuity and development for the activities and people involved,” stated Marco Cortiana CEO of Cibitex S.r.l.The closing of the transaction took place on July 2nd 2026, in accordance with the terms and conditions agreed between the parties.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
AMEC AMETEX
spot_img
spot_img
spot_img

Related News

Closer to customers: Trützschler Card Clothing Expands Service Network In Peru, Colombia and Ecuador

Faster support, shorter lead times and local technical expertise:...

Trützschler Nonwovens Strengthens Customer Engagement at RIGHT Hygiene Conference

Trützschler Nonwovens participated in the recent RIGHT Hygiene Conference...

Africa’s Textile Industry Moves Toward Sustainable and Integrated Growth

Interview with Mr. Muktar Dodo, GOTS Representative in Africa Africa’s...

Lenzing AG launches Fully Underwritten Capital Increase With Subscription Rights

Cash capital increase with subscription rights targeting gross...

Stäubli Sees Automation Supporting Egypt’s Weaving Future

Egypt’s weaving industry offers long-term potential for automated warp...

Stäubli Sees Stronger Momentum in Egypt’s Textile Machinery Market

Stäubli is seeing renewed investment and growing opportunities in...

Mayer & Cie. Global Sees Egypt as a Promising Textile Growth Market

Mayer & Cie. Global is strengthening its presence in...

Tomsic Sees Long-Term Potential in Egypt’s Textile Market

Italian textile technology manufacturer Tomsic Advanced Technologies sees Egypt...

Tüfekçi Makine: “Air Conditioning Systems Are the Lungs of a Textile Factory”

Interview with Seçkin Yıldırımdemir, Deputy General Manager, Tüfekçi Makine...

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his...

Alt.FFF Launch Edition Puts Africa’s Materials, Makers and Fashion Value Chain Centre Stage in Accra

The inaugural Alternative Fashion Fabric Fair (Alt.FFF) officially launched...