# Jerash Holdings and Busana Apparel Group form joint venture J&B International

Jerash Holdings and Busana Apparel Group have signed an agreement to form a joint venture, J&B International Limited, to produce apparel in Jordan. Jerash will own 51% and Busana 49%, with $1.5 million working capital.

- Type: Acquisition
- Announced: 2023-03-21
- Where: Jordan, Jordan
- Value: $1.50M
- Status: announced
- Products: custom ready-made sportswear, outerwear
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Jerash Holdings](https://endata.com/companies/69230.md) (partner)
- [Busana Apparel Group](https://endata.com/companies/69231.md) (partner)

## Sources

- [newswire.com](https://www.newswire.com/news/jerash-holdings-and-busana-apparel-group-sign-agreement-to-form-joint-venture), 2023-03-21: "J&B International will give Jerash new opportunities to expand its business by serving Busana's global branded customers in Jordan."

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