Fashion

Intradeco acquires Indera Mills

John Willingham, owner of Indera Mills, will continue in his current role as president of Indera, which now forms part of Intradeco Apparel.The financial terms of the transaction were not disclosed.

Founded in 1914, Indera Mills is the largest producer of thermals in the United States with over 5,000 retail customer is the U.S. The company is a vertically integrated operation with production facilities in the United States and Mexico, and produces both Indera and Coldpruf branded products. “We at Indera Mills are excited to become part of Intradeco,” said Willingham. “For 109 years, our family-owned company has built a successful business based on integrity, commitment and hard work. These important values align with those of Intradecoคำพูดจาก สล็อตเว็บตรง. Together, we will build a thermal underwear business second to none in the world.”In operation for forty years, Intradeco is a global vertical-manufacturing company supplying casual clothing and thermal underwear to major retailers in the United States, Mexico, and Canada.“We are very excited to acquire Inderaคำพูดจาก สล็อตเว็บตรง. This acquisition will enable us to continue to grow our existing expertise while at the same time creating great new synergies and value by joining Indera’s long history and expertise with Intradeco’s capabilities and strength,” said Luis Marquina, Intradeco chief operating officer.MMG Advisors, a New York- headquartered investment banking firm, represented Intradeco and helped structure and close the transaction. 

Related Posts

Canada bans luxury goods trade with Russia, sanctions 14 other individuals

The ban is akin to a set of similar measures taken by Canada’s allies, like the USA and the European Union, and “will help reduce the chances of…

Casting director turns on label in fashion mistreatment row

The pair were sacked by Balenciaga hours after an Instagram post by rival US casting director James Scully denounced them as “serial abusers”, claiming their treatment of the…

Fendi to set up new production site in Tuscany

The news, relayed by the local press, was revealed by the deputy mayor responsible for town planning in Serravalle Pistoiese, the municipality in which the brand’s new facility…

European Commission proposes reinstating Sri Lankan trade concession

The move, a victory for the new coalition government, could boost Sri Lanka’s exports, which have been falling due to sluggish demand from advanced economies.The European Commission’s trade…

India cotton imports set to surge to record amid rampant rupee

The strong rupee – now at its highest level in 18 months – has also braked cotton exports from the world’s biggest producer of the fibre, a trend…

Kering sells Volcom to Authentic Brands Group

Since then, Kering has decided to focus on its luxury division, and in the meanwhile, a good number of board sports brands are undergoing identity crises with varying…