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Lauma Fabrics acquires 100% of shares in a German Textile Company

Related Keywords: elastic knitted fabric, German Textile company, Lauma Fabrics

Lauma Fabrics is one of the leading manufacturers of lace, elastic knitted fabric and ribbons in Europe as part of its expansion plant has acquired 100% of shares in Neukirchen-based textile enterprise Elastic Textile Europe GmbH, one of the leading specialists for stretch fabrics in Europe and also acquired 51% stake in Elastic Textile Europe’s associated company Elastic&Weskott. As a result, a new limited liability company, LE Textile, has been established in Germany

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