Prime & Richina merger to form world's largest leather maker
01 Apr '08
2 min read
Prime's CEO Robert Moore commented, "The merger of Prime and SRL will be a landmark transaction combining the enormous production and technological synergies of the two companies for the benefit of our global customer base.
This transaction will enable us to serve the global needs of customers by integrating our R&D and manufacturing platforms on a worldwide basis. We will maintain Prime's unsurpassed standards for product innovation, quality and environmental stewardship."
SRL's CEO Roger Wang stated, "SRL has been working closely with Prime since Prime became our principal wet blue supplier in early 2006. We have gotten to know the Prime team and value the strong synergies between us.
This merger will create the undisputed global leader in premium bovine fashion leathers for the footwear and specialty markets, while significantly strengthening our capabilities in our lambskin garment and automotive leather divisions. We look forward to integrating our global sales and marketing, technical, and production teams for the benefit of our customers worldwide."
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