Welspun acquires Portuguese bath specialist Sorema
December 20, 2007,
With its roots as a major terry supplier and a powerful base in bath towel production, the Sorema acquisition dovetails with the anticipated spring 2008 opening of Welspun's new bath rug plant in India, as the company builds out beyond its core offering.
It also tallies with the 2006 Welspun purchase of British terry producer Christy, which gave it a considerable step up in the better bath towel business in the U.K. and Europe.
Related Content By Author
Live from NY Market: Target Talks Up Its New Chemical Initiative