Italian fiber and fabric firms Aquafil and Carvico have formed a joint venture called XLAnce Fibre Italia and have purchased Dow Chemical Co.’s dormant XLA stretch fiber business.
The acquisition includes the trademarks associated with XLA, a polyolefin-based stretch fiber, an exclusive license under the related intellectual property for crosslinked polyolefin stretch fiber for woven and knitted fabric articles, and Dow’s XLA fiber production lines, machinery and equipment based at Dow’s Tarragona, Spain, site. In the coming weeks, XLAnce Fibre Italia will transfer to Italy the production lines acquired from Dow. The beginning of production is scheduled for the third quarter of 2012. Terms of the deal were not disclosed.
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