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SUTLEJ TEXTILES TO ACQUIRE DESIGN, SALES & DISTRIBUTION BUSINESS OF AMERICAN SILK MILLS LLC

Posted By: Sachin Murdeshwar October 25, 2017

Sutlej Textiles and Industries Ltd (STIL) adds longstanding US textile leader American Silk Mills to its international portfolio.

Mumbai, Maharashtra, October 25, 2017 (GPN) : Sutlej Textiles and Industries Ltd. (STIL) announced today the acquisition of Design Sales & Distribution (DS&D) business and brand of American Silk Mills (ASM) LLC based at Plains, Pennsylvania. The acquisition adds strength of this leading American boutique designer and distributor of residential and contract furnishing textiles to Sutlej’s home textiles portfolio. ASM will continue to design, develop and market its products under the brand name of American Silk Mills thus furthering its legacy as a leader in this field for over 120 years.

Founded in 1896, American Silk Mills remains among the oldest and most established American textile brand by designing, weaving and distributing innovative textiles for the residential, contract, transportation, and specialty markets. These products include innovative indoor/outdoor performance fabrics, fine jacquard textiles, multiple grades and styles of velvets, the highest quality silks, and Sensuede, an eco-friendly synthetic suede noted for its durability, cleanability and long-lasting comfort.

ASM offers strategic fit on its strength of original designs based on American sensibilities, innate understanding of customer markets and a unique product portfolio that include dobby, jacquards, velvets, suedes using variety of fibers like rayon, linen, cotton, polyester, silk and acrylic.

Mr. S K Khandelia, President, STIL conveyed that ‘American Silk Mills offers great synergy to access the American home textiles market using a sound platform of design & development combined with Sutlej’s scale and economics of production in India”

“We are excited to partner with Sutlej Textiles.” said Cynthia Douthit, President of American Silk. “Increased investments in our infrastructure, inventory positions, technology and creative capital will position us to continue as a design leader, allow us to service our customers more efficiently and create and source enduringly beautiful textiles.”ENDS

 

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.