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Article: WestPoint Home Building Global Platform.(Manama Textiles Mills acquisition)(Indus Dyeing & Manufacturing joint venture)
- Article from:
- Home Textiles Today
- Article date:
- August 5, 2006
- Author:
CopyrightCOPYRIGHT 2006 Reed Business Information, Inc. (US). 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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By Don Hogsett
In another Big Move, Buys Bahrain-based Bedding Operations
West Point, Ga. -- Aggressively building a platform for global sourcing, but on its own terms and with total control over the off-shore operation, WestPoint Home has cut a deal to buy the home fashions bedding operations of Manama Textiles Mills in the Persian Gulf nation of Bahrain.
It's the major mill's second big move in the past three months to flex its newfound financial strength, beef up its sourcing operations and cut its product costs. In March, the company formed a joint venture with Indus Dyeing & Manufacturing Co. Ltd., a Pakistani towel producer. That ...