Acquiring Company
Spinnova
Acquired Company
Tearfil
Finland
PortugalManufacturingFashionDescription
Spinnova Plc has signed a non-binding letter of intent to acquire Tearfil – Indústria Têxtil, S.A. The acquisition aims to enhance Spinnova’s capabilities in the textile value chain and is coupled with a EUR 1.5 million bridge loan to assist Tearfil's financial restructuring. The proposed transaction is expected to be completed in Q1 2027, subject to various conditions and approvals.
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Based on deal dataFrequently asked
Who acquired Tearfil?
Tearfil was acquired by Spinnova, based in Finland. The deal was reported on September 17, 2026. Spinnova is a Finnish fiber firm known for its innovative approach to sustainable textile production. Spinnova is publicly traded (SPNV) and operates in Manufacturing.
When did Spinnova acquire Tearfil?
Spinnova's acquisition of Tearfil was reported on September 17, 2026. Spinnova Plc has signed a non-binding letter of intent to acquire Tearfil – Indústria Têxtil, S.A. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Tearfil do?
Tearfil is a Portuguese company specializing in yarn spinning. It produces various high-quality yarns for the textile industry. The company has a strong reputation for its craftsmanship and product quality. It is privately held, operating in Fashion, and is based in Portugal.
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