Germany's Setex Schermuly transfers majority stake to Elvaston Capital

Private equity partner Elvaston has established the overarching Textile Solutions Holding GmbH. This company will manage a portfolio of technology companies that ensure seamless integration along the textile process chain and introduce unique market functionalities.

The current company owners of Setex, Christoph and Oliver Schermuly, will continue their roles as managing directors.

Setex looks to the future with great optimism in this new constellation and is convinced that this strategic step will further increase Setex’s competitiveness and growth potential, the company said in a press release.

ALCHEMPro News Desk (NB)