Garware Technical Fibres announced that its wholly owned UK-based subsidiary, Garware Technical Fibres UK, has entered into a definitive Share Purchase Agreement (SPA) to acquire Offshore & Trawl Supply AS (OTS), a Norway-based provider of advanced synthetic cordage solutions for the offshore oil & gas, aquaculture, marine and commercial fishing industries.
The acquisition marks a key milestone in GTFL's global growth journey and reinforces its commitment to delivering innovation-led, high-performance solutions to customers worldwide.
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