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Knitting / Apparel

Tavex Completes Acquisition <br>Of Acabados Y Cortex Textiles

The Tavex Group — a Spain-based sportswear, home textile fabrics and technical textiles manufacturer that has an installed capacity of 200 million meters per year of denim fabrics and twills for workwear and sportswear — has completed its acquisition of Mexico-based apparel manufacturer Acabados y Cortes Textiles S.A. de C.V. The purchase includes two manufacturing facilities in Mexico. Acabados y Cortes assets and management are now the sole responsibility of Tavex and its Board of Directors.

The acquisition will increase Tavex’s manufacturing capacity in Mexico to 30 million meters, including workwear and denim fabrics. The purchase is in line with Tavex’s goal of consolidating global denim fabric production and definitively positioning the company in the US market.

“Our objective with this investment is to increase denim production in the differentiated product segments [Authentic and Premium lines] in North America,” said Herbert Schmid, CEO, Tavex Group.

“As part of this strategy, in July, Tavex will open a service center in New York to meet the demand of current and future clients.”

July/August 2007