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MAS Holdings acquired the assets of BAM Knitting (Pvt) Ltd, a fabric knitting and finishing operation in Sri Lanka, and rebranded the venture as TEXO (Pvt.) Ltd. The acquisition enhances MAS' capabilities in knitting, dyeing, and printing for cotton fabrics.
“The new venture further enhances MAS’ capabilities in the knitting, dyeing, and printing space for cotton fabrics and expands its backward vertical integration in the country.”lankabusinessnews.com
Summarized from public sources; check the original articles before acting on it.