# MAS Holdings acquires majority stake in BAM Knitting

MAS Holdings acquired a majority stake in BAM Knitting, a fabric manufacturing and finishing operation in Sri Lanka, forming a joint venture to enhance knitting, dyeing, and printing capabilities for cotton fabrics.

- Type: Acquisition
- Announced: 2022-08-05
- Where: Sri Lanka, Sri Lanka
- Status: completed
- Products: knitted cotton fabrics, dyed fabrics, printed fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [MAS GmbH](https://endata.com/companies/16407.md) (acquirer)
- [BAM Knitting](https://endata.com/companies/64601.md) (target)

## Sources

- [masholdings.com](https://masholdings.com/media-centre/mas-holdings-enters-new-venture-with-bam-knitting/), 2022-08-05: "MAS Holdings launched a new venture by acquiring the assets of BAM Knitting (Pvt) Ltd., a leading fabric manufacturing and finishing operation in Sri Lanka."
- [mail.dfupublications.com](https://mail.dfupublications.com/index.php/news/international/mas-holdings-enters-venture-with-bam), 2022-08-08: "This acquisition is timely, both from the perspective of MAS and the Sri Lankan economy."

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