Hansae Acquired Texollini

South Korea’s Hansae Co. Ltd. has acquired Texollini, the U.S. textile manufacturer. The purchase price was not disclosed. In its announcement, Hansae pointed out Texollini’s “expertise in synthetic fibers, offering capabilities from fabric production to dyeing, printing, finishing, design, and research and development. Its major clients include New Balance, Champion, Patagonia, and Alo Yoga.”

Hansae added that “Texollini’s factory can handle the entire process, from fabric production to dyeing and printing, around the clock. Texollini’s product range encompasses over 4,000 unique fabrics. Its monthly production capacity is also substantial, with 85 knitting machines capable of producing one million pounds of fabric and a dye house that processes 1.2 million yards of fabric each month. Texollini’s factory in Long Beach, California, is well-positioned with easy access to major transportation networks, including highways, sea, air, and rail, making logistics within the U.S. more convenient.” Texollini was founded in 1989.

Hansae “expects that the acquisition will strengthen its synthetic fiber production technology and enable it to the growing nearshoring trend in the Central American region,” and “will leverage Texollini’s synthetic fiber development technology and expertise to expand its product categories and portfolio, including activewear, underwear and swimwear. In particular, to increase orders and profitability, it aims to expand high-value product lines like activewear.”

Above, machinery pictured on the Texollini website.