Related Keywords: acquisition, apparel, fabric, innovation, manufacturer, Milliken, Polartec, technology, Textile, workwear
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.
