ONE OF the leading bodywear fabric producers in Sri Lanka, Textured Jersey (TJL), is reported by trade medium Just Style to be preparing to acquire textile printer Quenby Lanka, a 50/50 joint venture of Brandix and Trust Family Industries. The two operations are sited close to one another and have long had a strong working relationship. The deal is said to be worth USD 3.5m. The same source added that TJL is in talks to acquire an Indian fabric mill, Ocean India (Pvt) Ltd, another Brandix joint venture, which it provides with technical and management expertise.
The synergies that are expected by TJL to develop as a result of the acquisition of the printing operation will not only strengthen the knitter’s competitive position but will also provide better service for its customers.