Paxar moves to buy JV in India, includes service bureau operations

17 Jun '05

1 min read

Innovative merchandising systems service provider to retailers and apparel customers Paxar Corporation announced it formed Paxar India Pvt Limited by acquiring the remaining 50% of a joint venture located in Bangalore, India.

The company is a full service provider of apparel identification products, including woven, printed and bar code labels, and merchandising tags for retailers and apparel customers manufacturing in India. Paxar India's facilities also include service bureau operations, in addition to sales and marketing. In 2004, the business generated approximately $10 million in sales.

Rob van der Merwe, President and Chief Executive Officer of Paxar, stated, "They believe the growth opportunities in India are substantial. Completing this acquisition strengthens Paxar's position as a leading provider of identification solutions in one of the world's fastest growing apparel
markets.

"They look forward to servicing our customers sourcing in India by being close at hand to support them as their business needs dictate."

Paxar is a global leader in providing innovative merchandising systems to retailers and apparel customers. Paxar's leadership in products and technology, global manufacturing operations, worldwide distribution network and brand recognition are enabling the Company to expand its competitive advantage and market share.

Paxar

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