Hansei Industrial acquires U.S. textile manufacturer, aims to vertically integrate Latin American factories - South Korea

Hansei Industrial Co., Ltd., a South Korean OEM (original equipment manufacturer) textile manufacturer, recently announced that it has acquired Texollini, a US textile manufacturer.
The acquisition is part of the company's vertical integration project in Latin America, which it is currently operating in Nicaragua and Guatemala, as it aims to expand into the U.S. market.
Texorini's main customers are New Balance, Champs, etc. Through the acquisition, the company will strengthen its technological capabilities in the production of synthetic fibers and expand its presence in the Latin American region.
The company hopes that the move will help it meet the growing trend of near-shoring (the relocation of production bases to locations closer to the final consumer market). All processes at the Teksorini factory are automated, from fabric manufacturing to dyeing and printing.
The factory operates 24 hours a day. It produces more than 4000 kinds of fabrics and over 454 tons per month. It handles 1097 km of dyeing per month. The factory is located in Cali, which has easy access to major transport networks.
Hansei Industrial Co., Ltd. is located in Long Beach, California. Hansei Industrial Co., Ltd. is utilizing the synthetic fiber development technology and know-how that Texorini owns to expand its portfolio to include activewear, underwear, swimwear, and other items.
The company plans to strengthen Rio, particularly by expanding its activewear lineup and boosting profitability.