This is the joint venture between Carrington Textiles and TMG. This new structure will provide customers with a wider choice of fabrics all under one roof.
MGC the textile manufacturing joint venture between the UK based Carrington Textiles and the Portugal based TMG – Acabamentos Texteis SA and strategic finishing partner for Melchior Textil announces the acquisition of Melchior Textil GmbH (Germany) from HOS-Group.
This acquisition further strengthens the position of all group companies in Europe, with particular focus on the DACH and the Central European markets:
- Melchior Textil GmbH: Benefiting from a solid and sustainable production base becoming part of a vertical industrial workwear setting.
- MGC: Securing long term plant utilisation through strategic forward integration
Building on the strengths of both the Carrington and Melchior product ranges, this new structure will provide customers with continued innovation and a wider choice of fabrics all under one roof. Both brands, Carrington and Melchior, will retain their own identity and brand positioning and receive full group support for their respective business models.
MGC – Acabamentos Têxteis SA manufactures 18 million meters of fabric per year in Portugal, in addition to Carrington’s current production capacity of 32 million meters in Europe, giving a total of more than 50 million meters annually.
John Vareldzis, Director of MGC and CEO of Carrington, said: ‘We are delighted to announce this positive step. Melchior have been an obvious choice of partner for us given their reputation in the workwear textile market. We have been evaluating the possibility of cementing our relationship with Melchior for some time and this will be strategically advantageous for our future.’
Dirk Otto, CEO of HOS-Group, added: ‘The possibilities of this new partnership for Melchior are enormous. It further strengthens Melchior’s long-term proposition to the market, combining the resources and technical capabilities of Melchior, MGC and Carrington.’
Manuel Gonçalves, Director of MGC and Executive Board Director at TMG, said: ‘We look forward to the start of this exciting new phase in our development, where we will be able to further strengthen our position in the market. This will allow us to make an appropriate new investment into the plant as we build on these foundations.’
Manfred Seeber, CEO of Melchior Textil states: ‘As part of a vertically integrated textile group Melchior will continue to provide the accustomed premium quality products and services, being able to even expand them further.’
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