>>
Home / Knowledge / News / Apparel/Garments / IDS signs MOU to buy garment logistics provider Impac

IDS signs MOU to buy garment logistics provider Impac

17
Aug '06
Integrated Distribution Services Group Limited (IDS Group) announced its signing of a non-legally binding Memorandum of Understanding (MOU) for the acquisition of the apparel logistics business of Impac Logistics Services LLC and affiliates (Impac), a US-based third-party garment logistics provider.

Subject to satisfactory due diligence by IDS, the total consideration payable by IDS will consist of (i) US$35.0 million based on average adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for financial years ended 31 December 2004 and 2005 of Impac being approximately US$5.50 million as provided by Impac and net asset value transferred to IDS being not less than US$10 million and (ii) a maximum earn-out payment of US$7.5 million payable on achievement of certain EBITDA targets for each of the three years ending 31 December 2006, 2007 and 2008.

The consideration is expected to be payable over a period of two and a half years from completion. The parties intend that definitive agreements will be entered into by 30 September 2006. Mr. Chang said, “I am delighted at this strategic move to acquire Impac."

"This will give IDS immediate strong logistics presence in the United States. We see huge opportunities in export logistics for the garment industry between Asia and the US. It will also complement our extensive logistics infrastructure in Asia and positions IDS to develop end-to-end Supply Chain solutions to existing and newcustomer base.”


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Dr. A Sakthivel,

Dr. A Sakthivel

Incorporated in 1978, the Apparel Export Promotion Council (AEPC) is the...

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

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

Leave your Comments

ESTEEMED CLIENTS

HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Tory Burch Hong Kong Ltd
Lacoste (Wanchai)
Etam Group Strategy Hong Kong Limited
Calvin Klein
Tchibo GmbH
Reiter India Private Limited
KAS Direct Sourcing
PVH Corporation
Hela Clothing Pvt Ltd
Vianney Textil Hogar S.A. De C.V.
Lisa S.P.A.
Eastman Chemical Company
Bluestem Global Sourcing Limited
Hirdaramani International Export Private Limited
Aramark Uniform ;& Career Apparel, LLC
John Varvatos
International Textile Manufacturers Federation
OVS Hong Kong Sourcing Ltd.
Alison Hayes Romania
Rosset ;& Cia Limited
Vardhman Textile Ltd
Puma
Chori Company Limited
Phong Phu international JSC (PPJ)
J ;& P Coats
Seasalt Limited
Helly Hansen Far East Ltd
IDH – The Sustainable Trade Initiative
Green Fibre
Sportswear Company Spa
Walmart
Lifestyle
Arvind Limited
Sportmaster Ltd.
Recron Polyester from Reliance Industries Limited
NITI Aayog
IKEA of Sweden AB
Benetton Group
KIABI
SHAHI Exports Pvt Ltd
Groz-Beckert East Asia LLP
LC Waikiki
Sainsbury's Argos Asia Limited
Huntsman (Singapore) Pte Ltd
TESCO INTERNATIONAL SOURCING LIMITED
Boardriders Asia Sourcing Limited
Tommy Hilfiger
Amazon China
Truetzschler India Private Limited
Esprit Europe Services GmbH
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Maceton Limited
Decathlon
Gatsby Africa
Brandix Lanka Limited
Asos
Alix Partners
Landmark Group
Grasim Industries Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Lenzing Aktiengesellschaft
MAS Active / MAS Kreeda / MAS Bodyline
Gokaldas Exports Limited
Abit
Lululemon Athletica Inc
Chico’ FAS
G-Star Raw C.V.
Sateri (Jiujiang) Fiber Co.,Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Rayonese Textile Inc., Division de Culp Inc.
Gloria Jeans
C;&A Sourcing International Ltd
Babyshop
Under Armour Global Sourcing Ltd
Splash
Restoque S.A.
Midas Clothing Limited
The Top Form Brassiere Manufacturing Company Limited
Page Industries Limited (Bangalore)
Varner AS Retail
BIMBA ;& LOLA SL
Desigual - ABASIC, S.A.
Cat Tuong Real Estate Group Joint Stock Company
T.T. Limited
Target Corporation (MN)
Aquarelle Clothing Limited
The LYCRA Company Singapore  Pte. Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Gap International Sourcing Limited

January 2022

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


Advanced Search