Hoftex Group

What Hoftex Group does

Hoftex Group AG is a publicly listed German textile-manufacturing group headquartered in Hof, Bavaria, with operational heritage dating to 1853 (corporate entity documented from 2005 under the former name Textilgruppe Hof AG). The group operates two principal business segments — TENOWO, a producer of technical textiles serving industrial customers across future- and growth-oriented verticals (including medical textiles via the Medica Düsseldorf channel), and NEUTEX, which runs the Neutex Home Deco GmbH subsidiary supplying home-decoration textiles. Hoftex generates revenue through direct B2B enterprise field sales under these two brand portfolios, supplemented by trade-show channels (Südbund Wohntage, CIAIE Shanghai, Medica Düsseldorf, Hometex Winter) and supported by a mobile product-catalog application (Neutex-App). Standard commercial terms disclosed are 30-day net invoicing with a 3% prompt-payment discount.

The company employs 501-1,000 staff and is controlled by ERWO Holding AG, with shared executive leadership across the parent and Hoftex (CEO Manuela Spörl since March 2024; CFO Dr. David Meyer since March 2026). It is listed on the Munich stock exchange (mun:NBH) and maintains a notable regulatory-compliance footprint covering GDPR, REACH, Dodd-Frank conflict-minerals disclosure, the German HinSchG whistleblower regime, and the LkSG supply-chain due-diligence act. In November 2025 the group announced the closure of its dyeing subsidiary, Hoftex Färberei GmbH, alongside a downward revision to revenue and EBITDA guidance, signaling active portfolio restructuring under the new management team.

The technology base is conventional textile manufacturing with no disclosed proprietary software, AI/ML capability, or digital platform beyond the Neutex-App catalog tool. Customer-facing channels are direct enterprise sales, four annual trade shows, a corporate website, and a Facebook presence (HOFTEXPLOSION). Pricing is not publicly disclosed; distribution is direct B2B. The combination of a 170-year heritage, two recognized sub-brands, regulated-industry compliance posture, and Asia/Europe geographic footprint constitutes the company's principal commercial positioning.

Name

Hoftex Group

Legal name

Hoftex Group AG

Website

https://hoftexgroup.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Hoftex Group AG is a German publicly listed textile manufacturer operating two brand segments — TENOWO (technical/industrial textiles) and NEUTEX (home-deco textiles) — serving industrial B2B customers across European and Asian markets via direct sales and trade-show channels, controlled by ERWO Holding AG.

Ownership category

akta.pro rank

Product category

Technical and Home Decoration Textiles

NAICS

Broadwoven Fabric Mills (313210)

SIC

Broadwoven Fabric Mills, Man Made Fiber & Silk (2221), Broadwoven Fabric Mills, Cotton (2211)

akta.pro primary industry

Greige Woven Fabric Mills (IMAOABAA)

Keywords

• Technical textiles manufacturing
• Home decoration textiles
• Industrial textile solutions
• Nonwoven fabrics production
• Textile brand portfolio

Headquarters

HQ city

Hof

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Textile Products: The company manufactures and sells textile solutions under TENOWO and NEUTEX brands to industrial customers across various growth industries. The revenue model appears to be traditional product sales with standard payment terms of 30 days.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Hoftex Group AG is a German publicly listed textile manufacturer producing technical textiles under the TENOWO brand for industrial customers in future- and growth-strong industries, and home decoration textiles under the NEUTEX brand (including the Neutex Home Deco line). The group distributes its products globally through direct B2B sales, international trade shows, and brand-specific digital channels, supplemented by a mobile application for catalog browsing.

Product overview

Hoftex Group AG operates as an internationally acting corporate group in the textile industry with two primary business segments: TENOWO and NEUTEX. TENOWO focuses on technical textile solutions for industrial applications, while NEUTEX serves the home decor market through its Neutex Home Deco line. The group also offers a mobile application (Neutex-App) for product catalog access and sample requests. The company operates in future- and growth-strong industries and is recognized as a reliable partner for customers worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• HOFTEXPLOSION: Company's Facebook social media presence for the Hoftex brand.

Products and services

• TENOWO Technical Textiles TENOWO is the Hoftex Group business segment acting as a globally operating and recognized manufacturer of technical textile solutions for customers in future- and growth-strong industries, serving industrial buyers with technical textile products.
• NEUTEX Home Decoration Textiles NEUTEX is the Hoftex Group business segment offering home decoration textile solutions, including the Neutex Home Deco product line, serving customers in the home decoration market through the Neutex Home Deco GmbH subsidiary.
• Neutex-App A mobile application for iOS and Android devices that allows users to browse Neutex product catalogs, view new collections digitally, and request samples for the home decoration textile line.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Baker Tilly Rechtsanwaltsgesellschaft mbHminorOthersExternal Ombuds Office provider for Hoftex Group's whistleblower system. Operates as an independent, impartial external reporting channel for compliance matters including human rights and environmental concerns under the Supply Chain Due Diligence Act (LkSG).
• d.vinci HR-Systems GmbHminorOthersExternal service provider supporting the application process. Job applicants are redirected to d.vinci when clicking on job offers. Handles online application management.

Scale indicators1 record

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sandler Group: German family-owned nonwoven textile manufacturer specializing in technical applications including hygiene, filtration, and industrial wipes. Comparable in product technology, German mid-cap scale, and private/family ownership structure.
• Getzner Textil: Austrian textile manufacturer producing technical textiles, fashion fabrics, and home textiles. Comparable mid-cap European textile peer serving both industrial and decorative end markets, similar in scale and customer types.
• Freudenberg Performance Materials: German-headquartered manufacturer of technical textiles, nonwovens, and performance materials serving industrial customers across automotive, construction, and medical end markets. Closest European analog to Hoftex's TENOWO technical textile segment in both product type and B2B industrial customer base.
• Low & Bonar (now part of Ahlstrom): European technical textiles manufacturer producing woven and nonwoven fabrics for construction, automotive, and industrial customers. Comparable in industrial textile product portfolio and European customer base.
• TWE Group / TWE Dierdorf: German family-owned manufacturer of nonwoven textiles and insulation materials, serving industrial applications including automotive, construction, and filtration. Comparable in scale, German mid-cap profile, and industrial textile focus.

Regional players

• Groz-Beckert: German family-owned manufacturer of textile machinery components, needles, and precision parts. Indirect peer as a German textile ecosystem incumbent of similar heritage and scale, supplying inputs to the same industrial customer base as Hoftex.
• Trützschler Group: German family-owned textile machinery and nonwoven systems provider. Adjacent to Hoftex as a German textile industry peer serving overlapping customers, though Truetzschler supplies equipment rather than fabric.

Broad incumbents

• Glen Raven: US-based global manufacturer of technical and performance textiles including Sunbrella outdoor fabrics. Comparable in technical textile capabilities and industrial customer base, though larger and more diversified than Hoftex.
• Ahlstrom-Munksjö (now Ahlstrom): Finland-based global leader in fiber-based materials including technical and specialty textiles, with broader product portfolio than Hoftex. Comparable in technical textile capabilities but at significantly larger scale and product breadth.

Emerging players

• Velux Group (home textiles exposure via VELUX affiliate history): European building products group with historical textile/roller blind exposure. Less direct but adjacent in home decoration textile category served by Hoftex's NEUTEX brand.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/hoftexplosion

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

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 Hoftex Group