Related Keywords: acquired two Italian yarn manufacturers, enhance product range, financial strenght, global reach, increase footprint in European market, market leader for worsted spun yarn, Safil Spa and Gruppo Tessile Industriale, Südwolle Group
Südwolle Group, based in Schwaig near Nuremberg, Germany is the world’s market leader for worsted spun yarn for weaving, circular and flat knitting in pure wool and wool blends signed an agreement to acquire a 100% stake in Safil S.p.A. as well as an 80% stake in Gruppo Tessile Industriale (GTI) S.p.A., both Italian based worsted yarn manufacturers.
