The Crypton Companies, which is a leading performance textile technology provider in apparels and home furnishings, has entered into an agreement to acquire the operations of Abercrombie Textiles – a US-based textile mill.
It is important to note here that both Crypton and Abercrombie have a long working relationship and a common client base.
Optimistic about the acquisition, Lance Keziah, CEO, Crypton, said “This acquisition will create the perfect synergy out of a shared vision. Bringing together an American mill and an American textile innovator will not only preserve jobs but will also create growth and generate new opportunities for American-made textiles.”
Crypton will also be expanding Abercrombie into new markets with product innovation and cutting-edge designs.
More on the same, Lance said “All this innovation and expansion means we will be positioned to create more jobs for American textile workers.”
Under Crypton, Abercrombie Textiles will continue to make dobby and jacquard fabrics for a variety of applications, including upholstery, bedding and wallcovering, among others.