Italy Aquafil Bought O 'Mara, An American Yarn Producer.
Italy nylon yarn manufacturer Aquafil S.p.A. announced in May 31st that it has acquired the O "Mara Inc. 100%" stake in the US yarn manufacturer at a price of US $40 million 500 thousand, through the group's US subsidiary Aquafil USA Inc..
O 'Mara was founded in 1970. It mainly produces nylon, polypropylene and polyester fibers. Material Science Its factory is located at Rutherford College, North Carolina. In 2018, the turnover of O 'Mara was US $40 million 100 thousand, and its profit margin was equal to that of Aquafil Group.
Founded in 1969, Aquafil is one of the leading nylon producers in Italy and the world. There are 16 factories in the world, which are distributed in 8 countries, namely, Italy, Germany, Scotland, Slovenia, Croatia, the United States, Thailand and China. The total number of employees is over 2800.
Aquafil said in a press release that the market position of O 'Mara is exactly the same as that of Aquafil group. This compatibility will accelerate Aquafil Spin The globalization of product business and its patents brand The development of ECONYL and Dryarn products is also very useful.
ECONYL is a Aquafil recycled nylon that is recovered from landfills and marine refuse. Its raw materials include fishing nets, fabric waste, carpet floor and industrial plastics.
Dryarn is an innovative type of super fiber for high performance. Underwear Sportswear and some wearable high-tech applications are characterized by extreme conditions. O 'Mara will provide a wider range of products to promote the further development of sportswear, socks, fashion and accessories market in the United States.
As O 'Mara's production activities in the United States, through this spanaction, Aquafil group will also benefit from trade agreements between the United States and certain central and South American countries (CAFTA), which can be exempt from customs duties when they produce garments from the original yarn of the United States.
It is reported that Aquafil's private bonds subscribed through Pricoa Capital Group provide funding for the acquisition, with a total value of 40 million euros, with a term of 10 years. Pricoa Capital Group is a member of the American insurance group Prudential Financial Inc..
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