S.P. Apparels has entered into a Memorandum of Understanding (MoU) for the purchase of Young Brand Apparel (YBAPL) by way of acquisition of 51.33% Equity Shares. The company aims to expand the business in U.S.A. and the acquisition of YBAPL will improve the synergies of both companies in terms of customer base and target markets.
This acquisition will be a great support to the core business of S.P. Apparels to expand its future business. The proposed acquisition is expected to be completed on or before May 31, 2024, subject to the approvals of necessary regulatory approvals.
S.P. Apparels is a leading manufacturer and exporter of knitted garments for infants and children in India.
