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Article: GRUPO SYNKRO AND MEXICAN INVESTMENT GROUP AGREE TO ACQUIRE KAYSER-ROTH CORPORATION
- Article from:
- PR Newswire
- Article date:
- November 22, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEXICO CITY, Nov. 22 /PRNewswire/ -- Grupo Synkro S.A. de C.V. and a group of Mexican investors announced today in New York that they have entered into an agreement to acquire Kayser-Roth Corporation from Collins & Aikman Group, Inc. Grupo Synkro is the largest producer and distributor of legwear in Mexico and one of the top five worldwide.
Joining Grupo Synkro in the venture are members of the Ballesteros family, principal stockholders in the Mexican company.
The transaction, valued at approximately $233 million, is expected to be completed by year-end. (This is believed to be the second largest Mexican acquisition of an American corporation.) Combined sales of the ...
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...In NY177, Grupo Synkro Reports the Status of its Restructuring ... complete, corrected release follows: GRUPO SYNKRO REPORTS THE STATUS OF ITS RESTRUCTURING ... CITY, Oct. 26 /PRNewswire/ -- Grupo Synkro, S.A. de C.V. announced today ...
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