We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jul 18, 202410:33pm

Meryl’s owner looks for investors to boost its business

The Spanish group, manufacturer of the nylon Meryl thread, is finishing an agreement to install seamless technology in its factories and it's looking for an industrial partner to boost its business.  

Sep 10, 2019 — 8:54am
Pilar Riaño

Nylstar: scans the market for partners to boost its business



Nylstar searches investors to boost its business. The Spanish industrial group, owner or the nylon Meryl thread, is considering selling a minority stake to get resources to develop its business. Nylstar, controlled by the Praedium fund and led by Alfons Cirera, is a supplier for brands like Inditex, Adidas or Lululemon.


Nyslstar has been having conversations with some potential investors, sources of the company told Mds. The company plans an alliance with a financial partner (excluding venture capital) to sell a minority stake though a capital increase.  


On the other hand, the company is also preparing a joint venture with an industrial partner to install seamless technology in its factories.


Seamless technology was used for stockings and intimates, but it has expanded into other segments like outerwear and sportswear. Seamless machines operate though tubes and the finishing require minimum intervention, which makes easier sourcing by proximity because it doesn’t need a strong labor force.





Nylstar is in negotiations with two industrial group specialized in this technology, to install it into its Blanes factory near Barcelona. Plans of the company are to create a joint venture participated by 50% so the industrial group will invest in the machinery and Nylstar will take care of commercialization. The new partner will be the supplier of seamless for Merely but could also open to other clients.


With an invested of more than 20 million euros during the past years, Nylstar plans to achieve a positive ebitda in 2019. The company has set the goal of reaching a 25% increase in sales compared t the previous year.





The factory of the company is in the Spanish location of Blanes, where it has 60,000 square meters. The group currently exports 90% of its production with clients in more than 60 countries around the world.  Recycled nylon produced in its factory has recently received the Join Life tag of Inditex.


Founded in 1923, Nylstar became in the fifties in the first nylon 6.6 producer in Europe. However, changes in the sourcing of the big groups affected the company that entered a crisis. The group reactivated its production at the end of 2016 and since then the company has added new production lines.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment