Less than a year after announcing it would cease operation in its Sevelen, Switzerland-based headquarters by the end of 2025, Schoeller Textil has sold off its Schoeller Technologies division to Swiss textile chemical company Textilcolor. Schoeller Technologies was previously responsible for global licensing and marketing for its parent company’s textile innovations.
Textilcolor, which also is based in Sevelen, specializes in developing, manufacturing and distributing chemicals for textile finishing, placing emphasis on sustainability. The acquisition of Schoeller Technologies will allow Textilcolor to expand its technology portfolio while creating new development capability for future-oriented textile and chemical products.
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“The acquisition is a consistent milestone in our long-term growth strategy,” said Detlef Fischer, CEO of Textilcolor AG. “With Schoeller Technologies, we are not only gaining renowned technologies, but also a highly qualified team with unique expertise. We will continue to develop and refine the products manufactured to date in this partnership in order to continue to provide our customers with future-oriented and sustainable technologies.”
Textilcolor will integrate the Schoeller Technologies team and tech into the Textilcolor brand going forward.
“Both companies share a common vision: the development of high-performance, sustainable and innovative textile solutions for a responsible future,” said Hans Kohn, former chief operating officer of Schoeller Technologies and new head of brand management. “Existing partnerships and customer relationships of Schoeller Technologies AG will be continued in the usual high quality, the established partner network and strengthened by the expanded possibilities of Textilcolor.”
In November 2024, 155-year-old Schoeller announced that the perfect storm of a poor post-pandemic market, higher labor costs and soaring energy rates had forced it to make the difficult decision to shut down. The specialized fiber maker owned by Swiss Albers Group and Formosa Taffeta said its competitive advantage had “steadily deteriorated” in recent years, forcing them to cease production at its Sevelen headquarters. That facility housed weaving, dyeing, lamination and coating operations, as well as a research, development and testing laboratory. Schoeller produced more than 6 million meters of Bluesign-approved performance textiles at its Sevelen facility, as well as its Baligen, Germany, location.
