UK's Techtex acquires Whitminster, Klenzeen
Manchester-based Technical Textile Services (Techtex), which sources non-woven fabrics and manufactures a range of dry and wet wipe products including branded, private label and generic, recently acquired Whitminster International and Klenzeen, both headquartered in Stafford, creating a group with a turnover of over £20 million and a workforce of 90.
Techtex's founding partners sales director David Beardsworth, finance director Steve Oldfield and operations director Brian Whitney have been joined by Whitminster and Klenzeen directors Julian Ashworth, who becomes general manager, and David Thompson, who becomes sales manager, according to British media reports.
This was Techtex’s fourth buyout in the past decade.Acquisition funding was provided by HSBC. (DS)
Fibre2Fashion News Desk – India