Jeantex Group To Buy Sanatex
Jeantex Group Inc. — a Huntington
Beach, Calif.-based apparel producer with a focus on denim goods and accessories — will acquire all
of Carson, Calif.-based Sanatex Inc.’s stock for an undisclosed amount. Once the sale is finalized,
Sanatex will become a wholly owned Jeantex subsidiary led by current Sanatex CEO Hassanein M.
Sanatex’s manufacturing facilities are based in the Private Free Zone, Egypt, and finished goods produced there and shipped into the United States are exempt from tariffs. Therefore, both companies’ production at these facilities will increase, said Henry Fahman, chairman, Jeantex.