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Knitting / Apparel

Duro Industries Acquires Assets Of Handler Textile

Duro Industries Inc., Fall River, Mass., has announced the acquisition of the majority assets of Handler Textile Corp., Secaucus, N.J. It has formed Handler Textile as a division of Duro Industries.The asset buy-out includes all but a small percentage of Handlers interlinings business. The purchase price was not disclosed.Duro expects to finalize an agreement to purchase Handlers International business in Canada and Hong Kong.The acquisition of the Handler business fits into our strategy of integrating Duro along the apparel supply chain, said David Canedo, chief operating officer, Duro Industries. The Handler division allows us to enter the interlinings business in a substantial way and enhances Duros position as a major supplier to the United States apparel industry.

December 1999