Texollini

Assembly Line

Hansae acquires US textile company Texollini

📅 Date:

🔖 Topics: Acquisition

🏢 Organizations: Hansae, Texollini


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.

Read more at Korea Economic Daily