The management of Texon Italia has successfully completed negotiations for the acquisition of a controlling stake in the company, under which the managers of Texon Italia have taken over the ownership of the Italian activities from Texon Group, while maintaining all agreements for the use of Texon International's brands and for the distribution of the group's products.

Commenting on the deal, chief operating officer of footwear component provider Texon International, Stan Lamb, said, “The acquisition of the controlling stake of the company by the Italian management itself will ensure continuity in delivering the highest level of quality, innovation and sustainability which have always been and will remain at the heart of our business.”