The sizeable Milliken & Company is about to get bigger.
The diversified textile manufacturer has signed a definitive agreement to acquire Polartec, a global brand that develops performance textiles for outdoor and military apparel, from Versa Capital Management.
The acquisition is expected to close this month. Financial terms of the transaction were not disclosed.
Bekaert Textiles, one of the technology leaders in the development and production of knitted mattress and bed textiles, from Gamma Holding has been taken over by Franz Haniel & Cie, GmbH (Haniel), a German family equity company. Financial terms of the deal have not been disclosed.
Himatsingka Group a vertically integrated Indian Home Textile major with a global footprint, which currently owns 70% of the share capital of Giuseppe Bellora S.p.A, (owner of the luxury Italian bedding brand “Bellora”) announces the acquisition of the remaining 30% share -holding from GB Invest S.r.l. With the acquisition the Himatsingka Group has become the sole shareholder of Giuseppe Bellora S.p.A.
Gildan Activewear, a Montreal-based manufacturer and marketer of branded clothing as it is working at achieving international growth plans not only to further expanding its Central American textile production capacity but also looking for more acquisitions.
The company announced its plan to build a new plant at its complex in Honduras that will churn out products in 2016, a year before the opening of a planned facility in Costa Rica.
MANAMA: Investcorp, a Bahrain-based an alternative investment manager to acquire SPGPrints Group for an enterprise value of 240 million euros ($327m). SPGPrints established in 1947 is a leading global provider of integrated solutions for rotary screen and digital printing for textiles and graphic applications.
This will be Investcorp's fifth successful acquisition in 12 months.
