Jerash Holdings completes acquisition – GuruFocus.com

FAIRFIELD, NJ / ACCESSWIRE / October 11, 2021 / Jerash Holdings (US) Jerash Garments and Fashions Manufacturing Co., Ltd., completed the previously announced acquisition of Mustafa and Kamal Ashraf Trading Company (Jordan) for Manufacture of Ready-Made Clothes LLC (“MK Garments”), which operates a 71,000 square foot clothing store. manufacturing plant in Amman, Jordan, for about $ 2.8 million in cash.

Jerash resumed production at the MK Garments plant and retained its 500 employees in August 2021 and began manufacturing products for the company’s customers.

About Jerash Holdings (United States), Inc.
Jerash Holdings (US), Inc. manufactures and exports bespoke, ready-to-go sportswear and outerwear for the world’s leading brands and retailers including Walmart, Costco, New Balance, G-III (which owns brands like Calvin Klein, Tommy Hilfiger, DKNY and Guess), American Eagle and VF Corporation (which owns brands like The North Face, Timberland and JanSport). Jerash’s existing production facilities include six factory units and four warehouses, and Jerash currently employs approximately 5,500 people. Further information is available at www.jerashholdings.com.

CONTACT:
PondelWilkinson Inc.
Judy Lin Sfetcu or Roger Pondel
310-279-5980
[email protected]

THE SOURCE: Jerash Holdings (United States), Inc.

See the source version on accesswire.com:
https://www.accesswire.com/667486/Jerash-Holdings-Completes-Acquisition-of-MK-Garments

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