# Alif Industries plans to acquire Royal Denim and Diamond Dredging

Alif Industries, a composite textile manufacturer, announced board approval to initiate discussions to acquire Royal Denim, a denim fabric exporter in Cumilla EPZ, and Diamond Dredging. The deal is not yet finalized.

- Type: Acquisition
- Announced: 2024-02-29
- Where: Cumilla Export Processing Zone, Bangladesh
- Status: announced
- Capacity: 750,000 yards per month (Royal Denim)
- Products: denim fabric
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Alif Industries](https://endata.com/companies/75971.md) (acquirer)
- [Royal Denim](https://endata.com/companies/75972.md) (target)
- [Diamond Dredging](https://endata.com/companies/75973.md) (target)

## Sources

- [bd.apparelresources.com](https://bd.apparelresources.com/business-news/trade/alif-industries-acquiring-royal-denim-diamond-dredging-expand/), 2024-02-29: "We have recently obtained the board’s approval to initiate formal discussions with the relevant parties and other stakeholders."

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