Ferraro S.p.A. Completes Acquisition of Cibitex Finishing Unit

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AI Summary

The textile finishing acquisition of the Cibitex S.r.l. “Finishing” business unit by Ferraro S.p.A. represents a strategic milestone for both organizations. This Ferraro acquisition is designed to strengthen industrial and commercial capabilities within the international textile sector. By integrating the finishing business unit, Ferraro S.p.A. significantly expands its portfolio of technologies and solutions dedicated to textile finishing.

The agreement leverages the technical expertise and long-standing customer relationships established by Cibitex over many years. For Cibitex S.r.l., the move ensures industrial continuity and provides new growth opportunities within an industrial group that maintains a robust international presence and deep experience in the textile industry.

Both parties have confirmed that the transaction maintains stability for employees, business partners, and customers. The primary goal is to preserve and further develop the professional heritage associated with textile finishing while ensuring industrial continuity across all operations.

“This acquisition marks an important step in Ferraro’s growth strategy and strengthens our ability to offer increasingly comprehensive and innovative solutions to customers in the textile sector,” stated Simone Ferraro and Leo Petruzio, managing directors of Ferraro S.p.A. Marco Cortiana, CEO of Cibitex S.r.l., added that Ferraro is the ideal partner to enhance the potential of the finishing business unit and ensure development for the people involved.

The textile finishing acquisition was finalized on July 2nd, 2026. This Ferraro acquisition was completed in accordance with the terms and conditions previously agreed upon by both parties.

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