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SRTX Inc. agreed to sell the core assets of its Sheertex brand to A.Y.K. International Inc., a Quebec-based hosiery manufacturer. The deal is being pursued under court-supervised insolvency protections. The value was not disclosed, and fewer than 10 employees will transfer.
“Sheertex has found a lifeline in its home province, with troubled parent SRTX Inc. agreeing to sell the brand’s core assets to A.Y.K. International Inc., a Quebec based hosiery manufacturer that owns the Secret and Silks pantyhose labels.”footwearmagazine.com
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