Jefferson, Ga.-based Buhler Quality Yarns Corp., a subsidiary of Switzerland-based Hermann Bühler AG, was recently acquired by Samil Spinning Co. Ltd., Korea. The companies disclosed that the purchase was structured as a 100-percent all-cash share-deal, but did not share further details of the deal.
Samil’s purchase will expand its global footprint and give the company an established Western Hemisphere production facility as well as an international distribution network. Samil reports it plans to make targeted investments at Buhler’s Jefferson plant to build on the company’s product portfolio.
May/June 2017
