Investing.com
Published Apr 08, 2024 21:14
Tegra, headquartered in
Sae-A Trading, established in 1986, is a vertical textile and apparel garment manufacturer supplying the US and European retail markets, with a global production base spanning both sides of the world:
"We are proud and thrilled to welcome Tegra into the Sae-A family," said WK Kim, Global Sae-A Group Chairman. "This acquisition enables Sae-A Trading to further its growth trajectory, while ensuring continuous and consistent delivery of world-class products for its customers. The scale, operational bases, product development capabilities, and know-how that are being established with this combination will create significant opportunities and advantages for our customers and suppliers." The integration of Sae-A Trading and Tegra significantly expands the company's geographic presence, and on a combined basis, Sae-A Trading will be a market leader in the Western Hemisphere, complimenting its existing leadership position in Asia. Kim further stated that "Sae-A Trading welcomes Tegra's vital employee base to the combined company," and looks forward to accelerated investments in production and capabilities to better serve our valued customers.
"We have been impressed by the commitment of Sae-A to our business, region and customers, and believe this transaction represents an attractive outcome for Tegra, its employees and our stakeholders," said
Closing is expected to take place in
Tegra was advised by Greenhill (NYSE:GHL) (Mizuho M&A), O'Melveny & Myers LLP and Palm Tree Advisors; while Baker McKenzie and EY advised Sae-A Trading.
Tegra will be headquartered in
About Sae-A Trading
Sae-A Trading was established in 1986 and is a subsidiary of Global Sae-A, the holding company of the Global Sae-A Group. Sae-A Trading is one of the world's largest vertically integrated textile and apparel garment manufacturers supplying the US and European retail markets. It has a global production base spanning both sides of the world: the Western hemisphere and Eastern hemisphere. It operates in 8 production companies, fully verticalized from yarn spanning, fabric knitting/dyeing, graphic printing, garment washing, and sewing. Currently, Sae-A Trading employs more than 30,000 associates across worldwide operations.
About Tegra
Tegra was established in
For media inquiries, please contact:
[Global Sae-A PR Team]
Karen Seo (Manager) karenseo@sae-a.com
Written By: Investing.com
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