Johann David Gruschwitz founded Gruschwitz Textilwerke in Neusalz, Silesia, thereby laying the foundation for the company.

Expansion of production and employment of approximately 1,500 employees
und Mitarbeitern.

Resumption of business operations and relocation of Gruschwitz Textil GmbH to Neu-Ulm.

Conversion of Gruschwitz Textil GmbH into Gruschwitz Textilwerke AG.

Acquisition of Filamentzwirnerei Fritz Zorn GmbH & Co. and expansion of the
product portfolios.

Takeover of the twisting mill specialising in high-tech materials
Lozetex GmbH from Winterlingen.

Relocation of the company headquarters from Neu-Ulm to Leutkirch in the Allgäu.

Merger of Gruschwitz Textilwerke AG with pdm Holding AG and establishment of the “new” Gruschwitz Textilwerke AG.

Takeover of Gruschwitz Textilwerke AG by the investment company
Admetos and conversion into a limited liability company.

Takeover of Letex Spezialgarne GmbH from Augsburg.