This strategic acquisition is part of Texol’s commitment to develop and produce innovative and specialty products for markets beyond hygiene and increasing its market presence in other regions.
Together, the two companies will produce and supply unique products taking and combining the advantages and synergies of Texol know-how, experience in technologies and product development with ORMA’s expertise and capabilities in production, logistics and market knowledge.
In addition, this acquisition brings significant synergies in areas such as research and development, sales, purchasing, human resources, administration and finance as well as information technology and will bring several benefits to all the existing and new customers of both companies continuing to supply current and new innovative products, according to the company.
With this acquisition Texol, thanks to its financial strength, will continue to make important investments, especially in bio and green products. Ecology and sustainability will be one of the main focuses for Texol's and ORMA's industrial green philosophy for future development. In collaboration with their suppliers and customers, they are looking for very low environmental impact products offering practical sustainable solutions in an increasingly demanding and selective market.