A quota of Tavex Corporation, Spanish-Brazilian denim manufacturer, might soon be acquired by Mercapital, a Spanish fund based in Madrid. The new potential shareholder is considering the possibility to either acquire a majority or a minority share of the denim specialist and is presently making enquiries about the state of the company and a final decision could be taken within the next ten days.

Tavex Corporation was born in 2006 as the result from a fusion of two historical denim manufacturers that happened in 2006 between Tavex, Spanish textile manufacturer founded in 1846, and the Brazilian textile company Santista Textil, established in 1929. The two companies have a consolidated background of over 150 years in the production of denim, flats and workwear textiles. The overall group's potential yearly capacity is 185 million metres and it accounts for yearly sales for over €350 million through a commercial presence on over 50 countries. Tavex owns 10 factories all over the world and involves more than 5,000 employees.