# MAS Holdings acquires BAM Knitting assets, rebrands as TEXO

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.

- Type: Acquisition
- Announced: 2022-11-04
- Where: MAS Fabric Park, Thulihiriya, Sri Lanka
- Status: completed
- Products: knitted 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)
- [TEXO Group](https://endata.com/companies/38990.md) (target)
- [BAM Knitting](https://endata.com/companies/64601.md) (target)

## Sources

- [lankabusinessnews.com](https://www.lankabusinessnews.com/bam-knitting-rebrands-as-texo/), 2022-11-11: "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."

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