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Südwolle Group acquires majority stakes in Safil and Gruppo Tessile Industriale

German group Südwolle Group, leading yarn producer for pure wool and wool blends apparel, has entered into an agreement to acquire a 100 percent stake in Safil S.p.A. as well as an 80 percent stake in Gruppo Tessile Industriale (GTI) S.p.A. German producer has acquired both stakes in the Italian worsted yarn manufacturers from Finsavio S.p.A.,...