Piovano and Radaelli Close Mills, Tissage de Kalken Acquires Etrotex

CHIERI, Italy -- Piovano-Leutenda and Radaelli have closed their mills after reports of poor management and strategy. According to industry reports, Piovano closed its mill operations in early July and receivers will liquidate Radaelli. Leandro Piovano left the company nearly five years ago and his cousin, Piovano has since been heading up the operation.Meanwhile, Tissage de Kalken, a 100-year-old weaving...