Biomaterials company Nanollose signed a non-binding term sheet with Paradise Textiles, the material science hub of the Alpine Group, for a joint venture agreement.
The partnership establishes the exclusive supply of Nanollose’s Nullarbor fibres to Paradise Textiles for developing yarns and fabrics, excluding denim.
Under the agreement, Nanollose will exclusively supply its innovative Nullarbor fibres to Paradise Textiles.
In turn, Paradise will leverage its expertise in fabric development to create and provide samples, facilitating customer engagement and promoting the Nullarbor brand.