[Sep 19, 2007] Gildan Activewear Inc., the major Montreal-based maker of T-shirts and other apparel has agreed to acquire U.S. sock maker V.I. Prewett & Son Inc. a private label supplier of basic family socks, for U.S. $135 million. The acquisition is expected to close around the end of October 2007. Prewett has annual sales of

[Sep 13, 2007] Reliance Industries’ acquisition of the polyester assets of Malaysian textile company Hualon is an example of Indian promoters love for acquiring troubled businesses and making it a success by turning it around where others failed. This is the

[Sep 11, 2007] Reliance Industries Limited, is set to acquire Hualon Corporation, the polyester producer in Malaysia which is under receivership. Ernst & Young Malaysia (E&Y) has been appointed receivers and managers of Hualon effective

[Sep 07, 2007] A private New Zealand chemical and raw materials supplier Chemcolour Industries has bought an Australian textile, leather and paper company Clariant Australian TLP. Clariant International is Chemcolour’s Swiss part-owner. Chemcolour will become

[Sep 05, 2007] U.S. food giant H. J. Heinz Co., one of Zimbabwe's first major foreign investors has sold its Zimbabwe interests to a government controlled cotton company Cottco. Cottco, is the main cotton buyers and processors in which the government