TJL acquires Quenby Lanka

Textured Jersey Lanka (TJL) has acquired Quenby Lanka Prints (Pvt.) Ltd. “In February 2015, TJL initiated the valuation and due diligence study for the potential acquisition and subsequent to discussions, a purchase price of US $ 3.5 million was agreed upon. Reflecting the strength of a strong balance sheet, the entire consideration is due to be paid out in cash to the shareholders of Quenby Lanka in order to acquire the shares of the company,” as per the release from TJL.

The acquisition is expected to boost the business integration process and take TJL to the next level of solutions and innovation.