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Press Center
NILIT® of Israel acquires Torcidos Ibericos in Catalunya
May 7, 2006 - Migdal Haemek, Israel - NILIT® , a global leader in the production of nylon 6.6, based in Israel, has announced that it has acquired the texturing facility of Torcidos Ibericos in Puig-Reig (near Barcelona).
The primary goal of the acquisition will be to serve NILIT's European customers, but the operation will also support NILIT's acitivities throughout the world.
The new Company will be called: NILIT® Iberica.
NILIT's decision to invest in texturing in Europe places NILIT® at the forefront of the World's specialty yarn manufacturers. The deal will significantly increase NILIT's texturing capacity and will provide customers with the usual high quality and custom-made solutions they are accustomed to from NILIT.
NILIT® has been very pleased with the warm welcome and encouragement it has received from everyone in Catalunya, from labor, from the government of Catalunya and from the textile industry in Catalunya. The industry has suffered over the past few years and NILIT® hopes that the demonstration of its confidence will make some small contribution to the resurgence of apparel manufacturing in Catalunya. "NILIT® prides itself on its commitment to its employees and its customers and looks forward to working with both groups in developing the business at Puig-Reig," Arie Gottlieb, General Manager of NILIT® added.
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