Wangaratta produces about 2.5 times the number of products manufactured by Bendigo and the former’s sales is four times that of the latter.
Established in 1923, Wangaratta Wollen Mills manufactures multiple brands including Cleckheaton, Shepherd, Panda and Patons. After the full acquisition of Australian Country Spinners, Bendigo will begin manufacturing these brands.
Wangaratta had recently started scaling down its staff levels and Colin Walker, owner and founder of Bendigo wanted to ensure its viable future in the country. Walker said that he wanted to invest in the iconic brand.
Bendigo’s plans for the newly acquired mill is currently under review, said Walker. The company could consider turning it into a tourist mill. (KD)
Fibre2Fashion News Desk – India