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M&A Deal Summary

Universal Fiber Systems Acquires FIT

On May 27, 2025, Universal Fiber Systems acquired apparel/textiles company FIT from Cha Technologies Group

Acquisition Highlights
  • This is Universal Fiber Systems’ 1st transaction in the Apparel/Textiles sector.
  • This is Universal Fiber Systems’ 1st transaction in the United States.
  • This is Universal Fiber Systems’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2025-05-27
Target FIT
Sector Apparel/Textiles
Buyer(s) Universal Fiber Systems
Sellers(s) Cha Technologies Group
Deal Type Divestiture

Target

FIT

Johnson City, Tennessee, United States
FIT designs and produces specialty synthetic fibers for advanced applications in textiles and nonwovens, with state-of-the-art facilities that include a world-scale production line and a dedicated semi-works facility for product development. The company offers a wide range of capabilities, from developing bicomponent fibers to custom solutions. FIT was formed in 1995 and is headquartered in Johnson City, Tennessee.

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Buyer(S) 1

Buyer

Universal Fiber Systems

Bristol, Tennessee, United States
Category Company
Founded 1969
Sector Apparel/Textiles
DESCRIPTION

Universal Fiber Systems is a manufacturer of high-performance, specialty synthetic fibers for niche segments of the commercial carpet, transportation carpet, and specialty textile industries. Universal Fiber Systems was founded in 1969 and is based in Bristol, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Cha Technologies Group

Nyon, Switzerland
Category Company
Sector Diversified
DESCRIPTION

Cha Technologies Group is a global conglomerate with diversified businesses in property, technology, textiles, financial services, and healthcare. Cha Technologies Group is based in Nyon, Switzerland.

DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
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