Altri to Acquire Majority Stake in AeoniQ for Climate Textile Expansion

Altri SGPS S.A., a leading Portuguese company in sustainable cellulosic pulp production, has entered into an agreement to acquire a majority stake in AeoniQ, a Swiss-based cleantech spin-off of HeiQ Materials AG. This acquisition marks a significant push by Altri into the sustainable textile industry. AeoniQ has pioneered the world's first biodegradable and climate-positive cellulosic filament yarn, which could potentially transform the global textile market by offering an environmentally friendly alternative to synthetic fibers like polyester and nylon. The acquisition is strategized to build commercial-scale AeoniQ production capacity and diversify Altri's operations into more high-value, low-impact cellulosic applications. The joint venture, branded under AeoniQ, will see the construction of the first industrial AeoniQ plant at Altri’s Caima pulp mill in Portugal, expected to begin in 2026. The plant's development is aimed at expanding the use of sustainable materials and supporting Altri's commitment to a renewable world. This strategic move is also backed by prominent industry players such as Hugo Boss and MAS Holdings through equity investment, with THE LYCRA COMPANY acquiring distribution rights. The completion of the acquisition is anticipated in the third quarter, subject to closing conditions.