Polytex Technologies, a Hedera, Israel-based company that develops and manufactures innovative automatic textile management systems for the healthcare, hospitality, industrial, and fitness industries, received a major investment from private equity fund Fortissimo Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to continue to develop additional innovative solutions to penetrate new markets and grow revenue.
Established in 2003 and led by newly appointed CEO Yariv Matzliach, Polytex Technologies is a developer and manufacturer of advanced systems for garment management in hotels, healthcare institutions, fitness centers and manufacturing sites.
The patented Polytex system is a fully automated solution for distribution, retrieval and management of folded garments, workwear, linen, towels and PPE.
The Poliner family, who founded the company in 2003, will continue to be involved in and support the company’s future development. Tomer Poliner, the outgoing CEO, will serve as President and Chief Business Development Officer.