In a significant move for the textile industry, XM Textiles has signed an agreement to acquire the textile business of Polish Textile Group (PTG). This strategic acquisition, which will take effect on August 1,2024 is designed to consolidate resources, enhance product offerings, and expand market reach.
XM Textiles, known for its high-quality fabrics and reflective tapes for protective clothing, will integrate PTG’s extensive product line, which includes all types of fabrics, reflective tapes and sewing accessories, as well as a strong distribution network. Some PTG sales professionals will continue their careers with XM Textiles.
The integration process is expected to be smooth, with a focus on maintaining the high standards for which both companies are known. Customers can look forward to a wider range of textiles and improved service as a result of the merger.
The newly combined company will continue to operate under the XM Textiles name and plans to introduce expanded product lines and innovative solutions in the near future.
This acquisition marks a pivotal moment for XM Textiles, setting the stage for a stronger, more competitive presence in the European textile industry.
This merger marks a pivotal moment for XM Textiles and PTG, setting the stage for a stronger, more competitive presence in the global textile industry.
Customers of the new XM Textiles will benefit in several ways:
- Expanded Product Range: Customers will have access to a broader and more diverse product line, incorporating the best offerings from both XM Textiles and PTG.
- Improved Availability: Increased market share and streamlined operations will likely lead to better product availability and consistent supply.
- Enhanced Customer Service: Sales managers will be equipped with a more extensive catalog, enabling them to better meet customer needs and preferences.
- Innovative Solutions: Leveraging the synergies between the two companies will drive innovation, offering customers cutting-edge textile solutions.
- Increased Expertise: With combined best practices and knowledge, XM Textiles will provide more informed guidance and recommendations to customers.
- Following the acquisition, XM Textiles will become the largest importer of fabrics and reflective tapes for workwear in the EU.
Please contact XM Textiles sales representatives for more details.