Coteminas

What Coteminas does

Coteminas S.A. (Companhia de Tecidos Norte de Minas) is a Brazilian vertically integrated textile manufacturer founded in 1967 and headquartered in Montes Claros, Minas Gerais. The company designs, manufactures, and distributes a complete portfolio of home textile products — bed linens, table linens, bath linens, decorative textiles, utility bedding (pillows, mattress protectors, quilts, coverlets), and intermediate yarns and fabrics — across South America (Brazil and Argentina) and North America (USA and Canada) under the brands Artex, MMartan, Casa Moysés, licensed Santista, and Argentine brands Palette, Arco-íris, and Fantasia. Coteminas operates 10 production facilities (9 in Brazil spanning Montes Claros, Natal, Macaíba, Campina Grande, João Pessoa, and Blumenau, and 1 in La Banda, Santiago del Estero, Argentina) with full vertical integration from spinning through weaving, dyeing, printing, finishing, and confection.

Coteminas functions as a closed operating subsidiary of Springs Global Participações S.A., the holding company formed in 2006 when Coteminas and US-based Springs Industries Inc. contributed their respective bed and bath businesses to combine low-cost Brazilian manufacturing with North American distribution and brand assets. Springs Global listed on the Novo Mercado segment of BM&FBOVESPA on 27 July 2007. The company employs between 5,001 and 10,000 people and serves consumer retail (B2C through monobrand stores and franchises, including a digital franchise launched in 2018), mass-market wholesale to major South American retailers, the hospitality industry through a dedicated professional line, and small/medium garment manufacturers via its intermediate yarns and fabrics.

Revenue is generated through one-time sales of finished textile products across owned and licensed brands plus licensing royalties from the Santista brand. Pricing is quote-based B2B and not publicly disclosed. Distribution is multi-channel: wholesale to retailers, monobrand retail (MMartan since 2009, Artex stores since 2011, franchises since 2015, digital franchise since 2018), direct sales for the hospitality/professional line, and intermediate B2B sales to apparel manufacturers. Following the March 2019 combination of Springs US with Keeco Holdings, Coteminas retained a 17.5% equity stake in the combined North American entity while its core operations remain in the Americas bed and bath home textile segment.

Name

Coteminas

Legal name

Coteminas S.A.

Website

https://coteminas.com.br

Company type

Public

Founded year

1967

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Coteminas is a Brazilian vertically integrated textile manufacturer producing bed, table, and bath linens under brands including Artex, MMartan, Casa Moysés, and licensed Santista, serving consumer, hospitality, and apparel-manufacturer markets across South America and through North American partners.

Ownership category

akta.pro rank

Product category

Home Textiles

NAICS

Curtain and Linen Mills (31412), Textile Furnishings Mills (3141), Textile Product Mills (314), Broadwoven Fabric Mills (313210)

SIC

Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Broadwoven Fabric Mills, Man Made Fiber & Silk (2221), Broadwoven Fabric Mills, Cotton (2211)

akta.pro primary industry

Hospitality & Institutional Home Textiles Manufacturing (Hotel/Hospital Bedding & Towels) (IMAOAKAI)

akta.pro secondary industries

Bath & Kitchen Linen Manufacturing (Towels/Washcloths/Bathmats/Dish Towels) (IMAOAKAB), Table & Dining Textiles Manufacturing (Tablecloths/Napkins/Placemats/Runners) (IMAOAKAF), Decorative & Soft Furnishings Manufacturing (Cushion Covers/Throws/Quilts) (IMAOAKAG), Commercial & Hospitality Home Textiles Retail (Bulk Linens for Hotels, Spas, Restaurants) (CRAIALAJ)

Keywords

• Home textiles
• Bedding products
• Bath linens
• Textile manufacturing
• Yarn fabric production

Headquarters

HQ city

Montes Claros

HQ country

Brazil

HQ region

Latin America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Textile Manufacturing and Sales: Vertically integrated manufacturing and sale of textile products including bedding, bath, table linens, decorative items and sleep products. Products sold under owned brands (Artex, MMartan, Casa Moyses) and licensed brands (Santista) through wholesale, retail and franchise channels.
2. Intermediate Products (Yarn and Fabric): Manufacture and sale of yarns and fabrics to small and medium-sized garment manufacturers, knitters and weavers. Fabrics sold in natural or dyed/printed state.
3. Licensing Royalties: License fees from Santista brand for bed, bath, table linens, pillows and curtains segments in Brazil.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Coteminas is a vertically integrated textile manufacturer that produces and sells home textile products (bedding, bath, table, and decoration) under owned brands Artex, MMartan, and Casa Moyses, alongside the licensed Santista brand in Brazil and Argentine brands Palette, Arco-íris, and Fantasia. It operates ten manufacturing plants across Brazil and Argentina, supplying finished consumer textile products, a dedicated hospitality line, and intermediate products (yarns and fabrics) to other textile manufacturers.

Product overview

Coteminas operates as a holding company for textile manufacturing and home goods brands across Brazil and Argentina. The product portfolio spans three main categories: CAMEBA (bed, table, and bath coordinated products), Utility Bedding (pillows, mattress protectors, quilts, coverlets), and Intermediate Products (yarns and fabrics for manufacturers). Brands include Artex (wholesale/retail dual-channel), Santista (licensed brand for décor/textiles), MMartan and Casa Moysés (premium single-brand retail), and Palette/Arco-íris/Fantasia (market leaders in Argentina). The company also serves the hospitality sector through its Professional Line. Springs Global controls both Coteminas S.A. and Springs Global US, combining Brazilian manufacturing cost advantages with North American distribution channels.

Differentiator

Problem solved

Functional benefit

Brands

• Artex: Produtos de Cama e Banho - comercializada no atacado e varejo
• MMartan
• Casa Moysés
• Santista
• Palette
• Arco-íris
• Fantasia

Products and services

• Artex home textiles (bedding, bath, table, decoration)
• MMartan premium home textiles
• Casa Moyses home products
• Santista (licensed brand in Brazil)
• Argentine home textile brands (Palette, Arco-íris, Fantasia)
• Professional/hospitality textile line
• Intermediate textile products (yarns and fabrics)

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered flagship and core.

• Keeco Holdings LLCflagshipStrategic or Co-development Partner · 1 January 2018Springs Global subsidiary Springs US combined North American operations with Keeco in late 2018, completed March 2019. Springs US received US$90 million cash and US$36 million in Keeco Holdings equity (17.5% stake). Combined company has portfolio of leading brands in curtains, utility bedding, and decorative bedding with diversified customer base of major traditional and digital retailers in North America.
• Springs Industries Inc.coreStrategic or Co-development Partner · 1 January 2006Strategic alliance in 2001 culminating in joint venture formation in 2006. CTNM and Springs Industries contributed their bed and bath businesses to create Springs Global Participações S.A. as a holding company. Combined low-cost Brazilian production with Springs' North American distribution channels and brands.
• Companhia Tecidos SantanensecoreStrategic or Co-development Partner · 1 January 2004Coteminas acquired relevant participation in 2004 and included Santanense in consolidated financial statements. Santanense is a publicly traded company focused on textile industry, garment manufacturing, professional uniforms, and personal protective equipment.

Scale indicators3 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Karsten: Brazilian textile manufacturer specializing in towels, bedding, and home textiles. Direct regional competitor in the Brazilian market with similar product categories and customer base.
• Trident Limited: Indian vertically integrated home textile manufacturer producing bed linens, towels, and yarns. Has comparable intermediate products (yarn) business and similar global distribution model to Coteminas.
• Altenburg: Brazilian textile company producing home textiles, towels, and bedding. Direct regional competitor in the Brazilian market with similar customer base and channel strategy as Coteminas.
• Sunvim Group: Chinese vertically integrated home textile manufacturer with towels and bedding products. Comparable product mix, scale, and global distribution model to Coteminas's core operations.
• Luolai Home Textile: Chinese vertically integrated home textile manufacturer with similar product range in bedding, towels, and decorative textiles. Comparable scale and global distribution ambitions to Coteminas.
• Welspun India: Largest home textile manufacturer in India with vertical integration from yarn to finished products, producing bed linens, bath towels, and rugs for global markets. The most directly comparable peer to Coteminas in scale, product mix, and go-to-market approach.
• Himatsingka: Indian home textile company specializing in terry towels, bed linen, and home furnishings with vertical integration. Comparable product mix and global retail customer base to Coteminas.
• WestPoint Home: US-based home textile manufacturer producing bed and bath products including sheets, towels, and bedding. Similar product mix and customer base, with historical connection to the Springs Industries partnership that Coteminas originally formed.
• Shandong Demian: Chinese home textile manufacturer producing towels, bedding, and related products with comparable scale. Direct competitor in the global home textile supply chain competing against Coteminas for retail customers.

Broad incumbents

• Standard Textile: US-based major textile manufacturer with strong hospitality/hotel segment focus including bed, bath, and table linens. Comparable to Coteminas's professional/hospitality line and the broader institutional textile market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/coteminassa
• LinkedInlinkedin.com/company/coteminas

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coteminas