New JV to acquire Trevira
16/02/2011
According to reports IVL will acquire a 75% stake of Trevira, while Sinterama will hold the remaining 25%. The Italian company will play a prominent role in managing the new joint venture operation.
IVL chief executive, Aloke Lohia, has commented: “This will allow us to acquire one of Europe’s best known Polyester specialty fibres and yarns brands, further diversifying our product offering to our customers. Trevira has a research and development laboratory that develops polymers and fibres and already has many patents to its name. This will make a good fit for our business as we will be able to develop new value-added products to meet customers’ needs in the future.”
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