S.P. Apparels Ltd, based in Avinashi, Tamil Nadu, renowned for its premium textile and apparel offerings, has successfully finalized the acquisition of all outstanding shares of Young Brand Apparel Pvt. Ltd. (YBAPL). This acquisition signifies a major achievement for S.P. Apparels as it expands strategically into global markets, with a particular focus on strengthening its presence in the United States. The move is set to bolster business synergies and significantly enhance its market footprint.
The acquisition process was completed recently i.e. June 21, 2024 and it involved a cash transaction of Rs 167 Crores. This acquisition aligns with S.P. Apparels’ vision to diversify into new textile categories and strengthen its export portfolio. The move is set to enhance S.P. Apparels’ market presence and build a more robust business model by leveraging YBAPL’s established customer base in the U.S., UK, Japan, and Canada.
P. Sundararajan, Chairman & Managing Director of S.P. Apparels, is now the Managing Director of YBAPL and S. Chenduran, Joint Managing Director of S.P. Apparels, has been appointed as Director of YBAPL.
Young Brand Apparel established in December 2006, YBAPL specializes in manufacturing and exporting intimate wear, catering to well-known brands like American Eagle, Jockey International, Marks & Spencers, Gelmart, and Benetton. The company operates a state-of-the-art facility on 26 acres of land with a 280,000 sq. ft. factory near Chennai. YBAPL reported a turnover of Rs. 325.91 Crores for the fiscal year 2022-2023.
S.P. Apparels Ltd, based in Avinashi, Tamil Nadu, renowned for its premium textile and apparel offerings, has successfully finalized the acquisition of all outstanding shares of Young Brand Apparel Pvt. Ltd. (YBAPL). This acquisition signifies a major achievement for S.P. Apparels as it expands strategically into global markets, with a particular focus on strengthening its presence in the United States. The move is set to bolster business synergies and significantly enhance its market footprint.
