EUROPE
MGC, the joint venture for textile production between Carrington Textiles from Great Britain and TMG from Portugal – Acabamentos Textsis, the strategic equipment partner of Melchior Textil, announced the takeover of Melchior Textil in Germany from the HOS group.
According to a statement made on Monday, January 20, the acquisition further strengthens the position of all Group companies in Europe, with a particular focus on the DACH (Germany, Austria and Switzerland) and Central Europe markets:
- Melchior Textile: Benefit from a solid and sustainable production base that becomes part of a vertical environment for industrial workwear
- MGC: Securing long-term plant utilization through strategic forward integration
Building on the strengths of the Carrington and Melchior ranges, this new structure offers customers continuous innovation and a wider range of fabrics under one roof. Both brands, Carrington and Melchior, maintain their own identity and brand positioning and receive full group support for their respective business models.
Carrington, one of the largest European suppliers of workwear, was founded in Lancashire in 1891 and remains the industry leader in the manufacture of textiles for workwear. Carrington's current product range includes workwear, flame retardant, waterproof and military.
MGC – Acabamentos Têxteis produces 18 million meters of fabric a year in Portugal. Carrington's current production capacity in Europe is 32 million meters, which corresponds to a total annual production of more than 50 million meters.
Melchior Textil was founded in 1996 and is one of the leading European providers of workwear for end users from industry, government, trade, commerce and healthcare.
John Vareldzis, director of MGC and CEO of Carrington, said: “We are pleased to announce this positive move. Melchior was an obvious partner choice for us because it has a good reputation in the workwear textiles market. We have been considering the possibility of strengthening our relationship with Melchior for some time, and this will be of strategic advantage for our future. "
Dirk Otto, CEO of the HOS Group, said: “The possibilities of this new partnership for Melchior are enormous. It further strengthens Melchior's long-term market position and combines the resources and technical skills of Melchior, MGC and Carrington. "
Manfred Seeber, CEO of Melchior Textil, said: "As part of a vertically integrated textile group, Melchior will continue to offer the usual premium quality products and services and will even be able to expand them further."
Manuel Gonçalves, Managing Director of MGC and Managing Director of TMG, said: “We are looking forward to the start of this exciting new phase in our development, in which we can further strengthen our position in the market. In this way, we can make reasonable new investments in the plant while building on those foundations. "
TEXTILE GROUP: TMG headquarters in Portugal
