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Showing posts from July, 2017

DONEAR Group acquires GBTL, Grasim’s PV Suiting Fabrics business, to expand its product offering

The acquisition of Grasim Bhiwani Textiles gives Donear Group world-class manufacturing capabilities, iconic fabric brand and an access to the marquee customers globally Mumbai, July 2017: In a strategic move that will significantly enhance its profile and addressable market in the global textiles space, the Donear Group has announced acquisition of Grasim Bhiwani Textile Limited, the Poly-Viscose Suiting Fabrics subsidiary of Grasim Industries. The acquisition of Grasim Bhiwani Textile Limited (GBTL) gives Mumbai-based Donear Group a strategic edge in global textiles business in terms of world-class production capabilities to market products and access to the marquee customers globally. GBTL is the country’s largest manufacturer of PV and PW Suiting, selling its products under the “Grasim” and “Graviera” brands in India and 25+ countries outside India. The biggest strengths of GBTL are its quality-conscious trade partners and global customers, who have been associated with them for a l…