Acquisition

Reliance acquires Shubhalakshmi Polyesters

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 […]

Acquisition

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 […]

Acquisition SUSTAINABILITY

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 […]