HIG Capital, Miami FL, has acquired an important equity stake in Texbond, an Italian nonwovens producer.

Texbond founder Giuseppe Gaspari and its long-term CEO Cristina Parisi have partnered with HIG Capital to support future growth of the company, thanks to its strategic vision and
technical skills. Texbond will benefit from HIG Capital’s vast international network, its financial strength and its renowned strategic and execution capabilities. This will serve as a solid
platform for the company’s further development into the field of specialty nonwovens at a global level.

“We have set the basis for replicating globally our successful business model and growing it in the long term,” Gaspari says. “When, about 30 years ago, we saw the technical textile world about to radically change, we chose, among a few promising options,  spunbond technology and continued to improve it to the advantage of our customers. Initially, this was in the upholstery and shoe businesses, but more recently we are targeting various industries including hygiene and personal care. We learned how to supply high quality, sophisticated coverstocks and to enable them into customized solutions. We support customers, regardless of their dimension, to design their products for the best diaper or wipe, roof underlay or filtration carrier. Today with HIG we are in a position to further broaden the scope of our activity, both geographically and technically, to the benefit of a wider customer base.”