The Kufner Group, a leading global supplier of interlinings and technical textiles, will take over Ploucquet and its production site in Zittau, Germany, from Smart Solutions Holding, formerly Sympatex Holding, with effect from April 20. Sympatex Holding, parent company of Sympatex, changed its name to Smart Solutions Holding in February. Kufner, Ploucquet and Sympatex also agreed on a long-term production partnership. The Kufner Group will carry out the lamination as well as the finishing of technical textiles for Sympatex at the recently acquired site in Zittau. Smart Solutions Holdings aims to focus on the Sympatex brand and the internationalization of its footwear, apparel and contract & workwear business units in the future. Last November, Sympatex failed in its attempt to pay back a loan of €13 million through a call option. The loan was due in 2018, but Sympatex aimed to pay it back earlier in order to have more business opportunities with regard to its strategy and financial structure.
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