INDIA: Bombay Rayon acquires DPJ Clothing

MUMBAI: The leading manufacturer fashion fabrics and garments, Bombay Rayon Fashions Limited has acquired UK- based DPJ Clothing Limited for US $2.90 million, said Mr. Prashant Agarwal, MD, Bombay Rayon Fashions Limited.
The MD clarified that after acquisitions approved by the Board of Directors of Bombay Rayon Fashions, DPJ Clothing Ltd. have become a foreign subsidiary of Bombay Rayon Fashions Limited.

The company will be able to expand its customer base in the European region for its designer garments and also get the headway for outsourcing and distributing the other related products in that region after acquisitions.

Bombay Rayon Group established with a modest beginning in manufacturing of fashion fabrics at present is considered amongst India’s leading manufacturers and exporters of fashion fabrics and garments with a state-of-the-art manufacturing facilities at New Mumbai, Silvassa, Sonale and Bangalore.

The units are fully backed by the facilities of product development, design studio and efficient sampling infrastructure to provide the quality service to its customers in India and abroad.

DPJ Clothing Ltd is engaged in the business of wholesale marketing and distribution of clothing products and is incorporated under English Companies Act 1985.

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Added: March 6, 2007 Source: Bombay Rayon Fashions Limited.
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