Textilcolor AG acquires Schoeller Technologies Patents to enhance textile innovations
In a significant move within the textile industry, Textilcolor AG, based in Sevelen, St. Gallen, has announced the acquisition of Schoeller Technologies AG, a subsidiary of Schoeller Textil AG. This acquisition includes the patents and trademarks for cutting-edge textile technologies developed by Schoeller, which will now be marketed under the Textilcolor brand identity.
Schoeller Technologies AG has long been responsible for the global licensing and marketing of Schoeller’s innovative textile solutions. With this acquisition, Textilcolor AG aims to integrate these advanced technologies into its growing portfolio. Although the purchase price for the deal has not been disclosed, Textilcolor intends to incorporate the newly acquired assets into its Brand Management business unit, a newly established division dedicated to managing and promoting these technologies.
According to Detlef Fischer, CEO of Textilcolor AG, this acquisition marks an important milestone in the company’s long-term growth strategy. Fischer emphasized that the addition of Schoeller Technologies not only strengthens their technological offerings but also brings a highly skilled team with expertise that will drive future innovations. As part of the transition, Hans Kohn, the former COO of Schoeller Technologies AG, has been appointed as the new Head of Brand Management at Textilcolor.
Textilcolor AG is committed to maintaining the high-quality relationships and partnerships Schoeller Technologies has cultivated over the years. These existing connections will continue to be nurtured and strengthened through the enhanced capabilities of Textilcolor. The company plans to not only preserve but also expand upon these collaborations by leveraging its broader reach and resources.
