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Sae-A Trading boosts Americas network with Swisstex acquisition
Yahoo Financeยท 2025-10-02 11:55
Core Insights - The acquisition of Swisstex El Salvador and Unique El Salvador by Sae-A Trading enhances its control over advanced automated technology and environmentally sustainable processes in the textile industry [1][2] - Sae-A Trading's CEO emphasized that this acquisition is a significant step in the company's global expansion strategy, aiming to meet customer demand for innovative and high-quality apparel [2] - The deal is part of Sae-A's broader strategy to invest in technology, automation, and AI to improve production efficiency [2][4] Company Overview - Swisstex, founded in 1996, is known for its expertise in sustainable wet processing and specialty fabric finishes, including moisture management, UV resistance, and antimicrobial treatments [3] - The management team of Swisstex will remain in place in both the US and El Salvador to ensure operational continuity post-acquisition [3] Strategic Expansion - The acquisition builds on Sae-A's previous purchase of sportswear manufacturer Tegra in 2024, which expanded its operations across the US, Honduras, and El Salvador [4] - Sae-A Trading operates a vertically integrated global supply chain with facilities in North and Central America, as well as Vietnam and Indonesia, indicating a strong international presence [4]