Home / Knowledge / News / Apparel/Garments / Sarasavi Exports takes over Lankan apparel company
Sarasavi Exports takes over Lankan apparel company
Sep '14
Sarasavi Exports Pvt Ltd, one of the leading garment suppliers in Sri Lanka, has bought Isabella Pvt Ltd, a hosiery apparel company from the DBApparel Group, one of the market leaders producing intimate apparels. The value of the net assets acquired is approximately SL Rs. 650 million, the Sunday Times Sri Lanka reported.

The deal will help create job opportunities for 800 workers at Isabella’s factories in Katunayake and Kundasale. The takeover was approved by M Power capital, the financial advisory and risk mitigation strategy provider for Sarasavi Exports.

Chairman and managing director of Sarasavi Exports, Hemantha Kumara, said the transaction allows Sarasavi Exports to establish itself as the premier exporter of hosiery products and socks from Sri Lanka and positions the company to take advantage of the free trade agreement with India and the pending free trade agreement with the People's Republic of China.

He also said that Sarasavi Exports intends to increase production capacity by investing in automation and product development to cater to new export markets.

DBApparel, headquartered in France, is one of the leading manufacturers of branded intimate apparel, which owns brands such as DIM, Playtex, Lovable, Nur Die. It has offices in Germany, Italy, Spain, the United Kingdom, South Africa, Belgium and emerging markets.

Sarasavi Exports, is one of the leading suppliers for all kind of men’s, women's, children’s socks and tights in Sri Lanka, equipped with fully computerized latest knitting and finishing machines. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search