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Nonwovens/​Converting

H.I.G. Capital acquires leading Italian nonwoven specialties producer Texbond

Texbond is currently one of the leading European producers of artificial fibres with a leading position in the development of specialty products.

26th September 2016

Innovation in Textiles
 |  Milan

Medical/Hygiene, Transport/​Aerospace, Construction, Agriculture

With its continuous investment in R&D and a constant focus on process efficiency and innovation, Texbond is currently one of the leading European producers of artificial fibres with a leading position in the development and manufacture of specialty products.

Buy and build strategy

The founder and Chairman, Giuseppe Gaspari, and the CEO, Cristina Parisi, have invested in the transaction alongside H.I.G., providing management continuity, as well as technical and strategic expertise to support the growth plans.

“We believe that Texbond is a unique player in the industry which can serve as a platform for a buy and build strategy at a global level, capitalizing on H.I.G.’s international network and financial resources to support the development plan,” commented Raffaele Legnani, Managing Director and head of H.I.G. in Italy.

“Jonathan Bourget, senior advisor to H.I.G., with extensive experience in the industry, has also invested in the transaction and will assist us in scouting and analysing acquisition opportunities.”

Important milestone

“The partnership with H.I.G. represents an important milestone for the growth of Texbond that will allow us to expand our presence in Europe, which is a very fragmented market, and in the US,” commented Giuseppe Gaspari, Chairman of Texbond.

“We believe that Texbond’s technical expertise and its highly effective management team, led by the CEO Cristina Parisi, are an important competitive advantage.”

www.higcapital.com

www.texbondspa.com

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