Altri Acquires Majority Stake in AeoniQ to Foster Climate-Positive Yarn Production
Deal News | Jul 01, 2025 | PR Newswire Cision HeiQ Materials AG
Altri SGPS S.A., a leading sustainable cellulose fiber producer in Portugal, has signed an agreement to acquire a majority stake in AeoniQ™, a cleantech spin-off from Switzerland's HeiQ Materials AG. AeoniQ™ specializes in developing biodegradable cellulose filament yarns designed to replace polyester and nylon. This investment allows Altri to expand AeoniQ™’s production capabilities and aligns with its strategy to diversify into premium and eco-friendly cellulose applications. Initially, the industrial AeoniQ™ facility will be erected at Altri's Caima pulp mill in Portugal by 2026, with an annual capacity of 1,750 tons. Simultaneously, pre-industrial facilities in Portugal aim to accelerate prototype development and partnerships. The joint venture binds Altri’s industrial expertise and HeiQ's technological capabilities, aiming to revolutionize the textile industry with a sustainable, plastic-free alternative that retains the performance of synthetic fibers but eliminates environmental harm. AeoniQ™ garners support from global partners, including Hugo Boss and MAS Holdings, and has received exclusive distribution rights from THE LYCRA COMPANY. Altri aims to complete the transaction, subject to customary conditions, by the third quarter of 2025.
Sectors
- Sustainable Textiles
- Cleantech
Geography
- Portugal – Altri, the acquiring company, is based in Portugal, where the new industrial AeoniQ™ facility is planned to be developed.
- Switzerland – HeiQ Materials AG, the parent company of AeoniQ™, is headquartered in Switzerland, indicating the geographical origins of the technological innovation involved.
Industry
- Sustainable Textiles – The article focuses on the acquisition of a company that produces biodegradable yarns aimed at replacing traditional synthetic fibers, reflecting advancements in sustainable textile manufacturing.
- Cleantech – AeoniQ™, the target company, is a cleantech spin-off focused on creating environmentally friendly textile solutions, demonstrating the industry's commitment to reducing environmental impact.
Financials
- Not disclosed – The financial terms of Altri’s acquisition of AeoniQ™’s majority stake were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Altri SGPS S.A. | Acquiring Company | Company | A leading European manufacturer of cellulose fibers and renewable energy from forest sources, expanding into sustainable textiles. |
| AeoniQ™ | Target Company | Company | A cleantech spin-off by HeiQ Materials AG, developing biodegradable cellulose filament yarns. |
| HeiQ Materials AG | Parent Company of AeoniQ™ | Company | A Swiss innovator in cleantech and biotech materials, aiming to enhance everyday products through scientific advancements. |
| Hugo Boss | Development Partner and Capital Contributor | Company | A German fashion brand involved in capital and product development for the AeoniQ™ venture. |
| MAS Holdings | Development Partner and Capital Contributor | Company | South Asia's leading manufacturer of functional apparel participating in the AeoniQ™ initiative. |
| THE LYCRA COMPANY | Exclusive Distributor | Company | Holds exclusive distribution rights for AeoniQ™’s innovative yarns. |