It plans to strengthen synthetic fiber production techs and respond to the growing nearshoring trend in Latin America.
South Korean garment maker Hansae Co. said on Tuesday that it acquired the US-based textile manufacturer Texollini Inc.
Founded in 1989, Texollini is a leading American textile manufacturer with expertise in synthetic fibers, offering capabilities from fabric production to dyeing, printing, finishing, design, and research and development.
Its major clients include global sports brand New Balance, casual brand Champion, outdoor brand Patagonia, and athleisure fashion brand Alo Yoga.
With this acquisition, Hansae expects to strengthen its synthetic fiber production technology and respond to the growing nearshoring trend (the relocation of production bases to countries adjacent to the US) in Latin America.
Texollini’s factory in Long Beach, California, is well-positioned with easy access to major transportation networks, including highways, sea, air, and rail, making logistics within the US more convenient.
Hansae plans to leverage Texollini’s expertise in synthetic fiber development to expand its product line, including activewear, underwear, and swimwear.
Hansae operates 20 subsidiaries and 10 overseas offices in nine countries, including the US, Vietnam, Myanmar, Indonesia, Nicaragua, and Guatemala.
Source: https://www.kedglobal.com/