Acquisition of Alva Sweden

29.08.2019 The fiber and textile manufacturer Toray Industries Inc., Osaka/Japan, has announced that it has concluded an agreement with AB Anders Westerlind, Mölndal/Sweden, to purchase all of the shares of Alva Sweden AB (ASE), Mölndal/Sweden, a manufacturer of cushions for automotive airbag systems, and acquire ASE and its 2 subsidiaries, Alva Confecções S.A., Sintra/Portugal, and Alva Tunisia SA, Ariana/Tunesia. AB Anders Westerlind wholly owns ASE.

© Photo: Alva
The transaction would close soon after required official procedures are completed.
Toray’s airbag business encompasses polyamide fiber production operations in Japan, Thailand, and Mexico and fabric manufacturing sites in Japan, Thailand, China, the Czech Republic, India, and Mexico.