Tag: apparel

Gokaldas Exports Ltd (GEL), through its wholly owned subsidiaries, has entered into an agreement to acquire Atraco Group (Atraco), an apparel manufacturer with market presence and customer relationships across the US and Europe, for $55 million. The equity value of the transaction will be funded through a mix of debt and internal accruals, according to the company.The transaction, which involves acquisition of shares and assets, subject to regulatory approvals, is expected to be completed by Q3 FY24 (October–December 2023).Founded in 1986, Atraco Group is headquartered in Dubai, UAE,...