MAS GmbH

MAS Holdings Ltd. signed a joint venture agreement with Best Pacific International Holdings Ltd. to collaborate on producing warp and weft knitted synthetic fabrics in Sri Lanka through Trischel Fabric Ltd.

Sri Lanka-based MAS Holdings will acquire Acme-McCrary Corp. in Asheboro, North Carolina, and invest $20 million to open its first US manufacturing and development center, creating 133 jobs.

A consortium of lingerie players including Van de Velde, La Perla, Etam and MAS Holdings acquired Lucien Noyon, a Calais lacemaker, from bankruptcy. Each will own 20% of new company Noyon Dentelle, preserving 170 jobs.

MAS Holdings has unveiled a $28 million MAS Fabric Park in Giriulla, Sri Lanka, to manufacture knitted shoe uppers and sportswear for Nike, with expected revenue of $65-75 million.

MAS GmbH, a precision tools and machining technology specialist, laid the foundation stone for a new €7 million production hall and training/administration center in Leonberg, Germany. The facility is expected to be completed by end of 2017.