Grupo Karim’s To Acquire Jockey De Honduras

Grupo Karim’s, Honduras, has announced plans to acquire Kenosha, Wis.-based Jockey International’s
Jockey de Honduras production facilities, with closing expected by December 2013. The operation is
expected to become a strategic supplier of Jockey in the Western Hemisphere. Jockey plans for its
supply chain to be 100-percent globally sourced in 2014.

Grupo Karim’s notes that the acquisition will also complement its own textile operations
including yarn, chemicals, fabric and  sewing capacity. Earlier this year, the company
acquired warp and circular knit textile mill Woong Chun Honduras, now known as Pride Performance
Fabrics, which can process more than 5 million pounds of cotton and synthetic fabrics monthly.

July/August 2013