Ecofibre acquires TexInnovate to accelerate commercialisation of Hemp Black

Ecofibre acquires TexInnovate to accelerate commercialisation of Hemp Black

SYDNEY: Ecofibre Limited has completed the acquisition of TexInnovate, a portfolio of five businesses with deep technical expertise across a broad range of high-performance textile disciplines for a total consideration of $21 million comprising 50% in cash and 50% in shares , a news release said. Ecofibre Chairman Barry Lambert said, “I congratulate our CEO…