Aquafil aquires OMara Inc. For $40.5 Million in USA

Related Keywords: apparel, Aquafil, CAFTA, Dryarn, econyl, O’MARA, polyester, Textiles, United States

United States
Aquafil aquires O’Mara Inc. For $40.5 Million in USA
Summary: 
Today Aquafil S.p.A. finalized the acquisition of 100 percent of O’Mara Inc. for a total consideration equal to $40.5 million. The deal was completed through the Group’s U.S. subsidiary, Aquafil

Today Aquafil S.p.A. finalized the acquisition of 100 percent of O’Mara Inc. for a total consideration equal to $40.5 million. The deal was completed through the Group’s U.S. subsidiary, Aquafil USA Inc.

O’MARA Inc.

O’Mara Incorporated — founded in 1970 — produces nylon, polypropylene and polyester fibres mainly in solution-dyed colors in its plant based in Rutherford College, N.C. In 2018, O’Mara reported a turnover of $40.1 million, with margins in line with those of Aquafil Group.

Integration of O’Mara into Aquafil Group

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Nylon made from waste for activewear

Related Keywords: econyl, fiber, Girls Inc., landfills, leggings, nylon, sports bra, waste

United States
Nylon made from waste for activewear
Summary: 
Retail brand Free People recently announced three activewear styles made from ECONYL, a sustainable yarn developed in Italy. ECONYL is a 100% regenerated nylon fiber made with discarded

Retail brand Free People recently announced three activewear styles made from ECONYL, a sustainable yarn developed in Italy. ECONYL is a 100% regenerated nylon fiber made with discarded waste collected from landfills and oceans (fishing nets and fabric scraps). ECONYL allows new products to be made without ever revisiting new resources.

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