Sympatex Technologies, the German manufacturer of membranes, laminates and textiles used in outdoor apparel and footwear, is being acquired by Italian textile supplier Pidigi S.p.A. The sale comes as Sympatex filed for insolvency at the Munich Local Court in Germany on January 22.
The acquisition is scheduled to be effective on June 1.
Pidigi, based in Verona, develops, sources and distributes raw materials and components for the footwear, leather goods and technical sportswear industries.
As part of the asset deal, Pidigi is acquiring the core assets of. Sympatex and intends to continue business operations under the Sympatex brand. At the Unterföhring site near Munich,…