JR Group UK set to launch £9 mn facility in Bradford later this month

News Tags: distribution centre, focus on creating recycled textile products, group into manufacturing, housed in a purpose built building, JR Group UK, new £9 million project in Bradford, offices, project comprises a combination of machinery, range of industry sector, recycling, set to launch, trading in textiles

Bradford
JR Group UK set to launch  £9 mn facility in Bradford later this month
Summary: 
JR Group UK, is all set to launch a new £9 million project in Bradford later this month. The group is into manufacturing, recycling and trading in textiles for over 160 years. The project, set over 6.5 acres, comprises a combination of machinery housed in a purpose-built building covering 56,000 sq ft, offices and a distribution centre.

JR Group UK, is all set to launch a new £9 million project in Bradford later this month. The group is into manufacturing, recycling and trading in textiles for over 160 years. The project, set over 6.5 acres, comprises a combination of machinery housed in a purpose-built building covering 56,000 sq ft, offices and a distribution centre.

The building work for phase one completed by mid-September and work has already commenced on phase two with a combined cost of over £5 million.

http://www.innovationintextiles.com/uk-textiles-group-launches-9-million-facility/
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Gildan to acquire private Canadian company Peds Legwear

News Tags: (Peds), acquire hundred percent equity interest of Peds Legwear Inc, distribution centre, Gildan Activewear Inc, legwear products, North Carolina manufacturing, Peds marketer of quality foot apparel, private Canadian company, signed definitive agreement, therapeutic hosiery, total cash consideration

Montreal
Gildan to acquire private Canadian company Peds Legwear
Summary: 
Gildan Activewear Inc. has signed a definitive agreement to acquire 100% of the equity interest of Peds Legwear Inc. (Peds), a private Canadian company with a North Carolina manufacturing and distribution centre that opened last year for a total cash consideration of $55 million.

Gildan Activewear Inc. has signed a definitive agreement to acquire 100% of the equity interest of Peds Legwear Inc. (Peds), a private Canadian company with a North Carolina manufacturing and distribution centre that opened last year for a total cash consideration of $55 million.

The acquisition is expected to create revenue growth opportunities by leveraging Gildan’s existing customer relationships to broaden the channels of distribution for the Peds and MediPeds brands and by extending these brands into Gildan’s other product categories.

http://www.textileworld.com/textile-world/knitting-apparel/2016/07/gildan-announces-agreement-to-acquire-peds-legwear-inc/
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