Home / Knowledge / News / Textiles / Creswick to focus on woollen blankets; sells fabric arm
Creswick to focus on woollen blankets; sells fabric arm
12
Dec '11
Creswick Woollen Mills, a Melbourne-based firm, intends to focus on its main business of woollen blankets eyeing consumer market, and has sold its fabrics division to Macquarie Textiles, a textile solutions providing company catering to Australian as well as global customers.

The deal for acquisition of the fabric division with specialization in industrial and other specialized textiles came about as a result of the long-term relationship between the two firms.

Long back, Macquarie was also in the same business as Creswick and operated its personal woollens plant, but it has diversified since then. However, there are a lot many similarities between Creswick's fabric division and Macquarie's policy.

Creswick's selling off its fabric division is not likely to cause any significant disruption as many present Creswick customers were previously Macquarie customers.

Creswick operates its woollens plant in regional Victoria's Creswick and has been identified as Australia's last of its kind surviving coloured spinning mill.

Following sale of its fabric division, Creswick would specialise in high-end, domestically-made blankets and throws for the consumer market.

Macquarie, with a history in design and production of textile solutions dating back to 1868, is recognized for sustained investment in innovative technology and commitment to world's best practices, and caters to international market with its global network of agents and distributors.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search