# MAS Holdings to acquire Acme-McCrary and build US manufacturing center

Sri Lanka-based MAS Holdings will acquire Acme-McCrary Corp. in Asheboro, North Carolina, and invest $20 million to open its first US manufacturing and development center, creating 133 jobs.

- Type: Acquisition
- Announced: 2017-05-30
- Where: Asheboro, North Carolina, United States
- Value: $20.0M
- Jobs: 133
- Status: announced
- Products: textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [MAS GmbH](https://endata.com/companies/16407.md) (acquirer)
- [Acme-McCrary Corp.](https://endata.com/companies/24567.md) (target)

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/textile-news/2017/05/mas-holdings-to-acquire-acme-mccrary-establish-manufacturing-center-in-asheboro/), 2017-05-30: "Our presence in the Western Hemisphere enables us to strengthen our value propositions of speed and flexibility offered through on-shore and near-shore operations to our customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.