Reliance (under name change to Reliance Polyester Limited), a wholly-owned subsidiary of the company, recently executed definitive documents to acquire the polyester business of Shubhalakshmi Polyesters Limited (SPL) and Shubhlaxmi Polytex Limited (SPT) for cash consideration of Rs 1,522 crore and Rs 70 crore respectively, aggregating to Rs 1,592 crore by way of slump sale […]
Acquisition
Archroma to acquire the Textile Effects business of Huntsman Corporation
The combined company will continue to lead the textile industry in sustainability, innovation, and performance offering fashion brands, automotive, technical and home textiles the best-in-class cost performance whilst respecting natural resources and the planet Archroma, a global leader in sustainable specialty chemicals and solutions and a portfolio company of U.S.-based private investment firm SK Capital […]
Pearl Global announces acquisition of Alpha Clothing
Pearl Global Industries Limited, one of India’s largest garment exporters has announced that its wholly owned subsidiary at Hong Kong namely, Pearl Global (HK) Limited has acquired 9,00,860 equity shares representing 52.11% equity capital of Bangladesh based, Alpha Clothing Limited for a consideration of USD 1.05 million on 21st April, 2022. This acquisition will be […]
WEKO has taken over RotaSpray GmbH
Weko Holding GmbH has taken over RotaSpray GmbH from Oehringen with retroactive effect from January 1st, 2021 and further expands its textile segment. With the merger of the two companies, the competencies in the field of functional wet finishing, digital printing pre-treatment and spray dyeing processes will be bundled for the textile segment. Both companies […]
Vandewiele reaches agreement for 100% acquisition of Savio Group
Hereby we have the pleasure to inform you that Vandewiele has reached an agreement for the acquisition of 100% of Savio Group. We are convinced that the Savio Group will be a valued member of Vandewiele, consisting of several textile machine companies, all trendsetters in their field. Charles Beauduin, CEO of Vandewiele, stated: “We are […]