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First global acquisition to deepen GFTL's footprint
Financial Express Delhi
|July 05, 2025
IT HAS TAKEN 50 years for Garware Technical Fibres (GTFL), a technical textiles maker, to make its first global acquisition.
IT HAS TAKEN 50 years for Garware Technical Fibres (GTFL), a technical textiles maker, to make its first global acquisition. The acquisition of Offshore & Trawl Supply AS in Norway, announced last week, is significant for many reasons: First, it establishes a manufacturing presence in Europe with a synthetic cordage plant and provides broader market access and the opportunity to expand the GTFL portfolio in Europe, Vayu Garware, chairman and managing director of GTFL, says.
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