NEW ZEALAND: The Merino Company buys Nuyarn
The acquisition includes all worldwide patents
Apparel and textile specialist business The Merino Company (TMC) has acquired New Zealand spinning company Nuyarn for an undisclosed sum.
The deal will lead to Nuyarn’s relocation from Christchurch, where it was founded 14 years ago, to TMC’s Levana Textiles facility in Levin.
TMC said it would aim to develop Nuyarn’s technology, commercialising new fabrics and apparel, as well as increasing output by about 54,000kg a month by using new machinery.
The acquisition, which includes all worldwide patents, will help TMC to produce specialised circular knitted fabrics, as well as seamless garments.
“TMC has been manufacturing with Nuyarn yarns for approximately eight years, but had been confined to Australasia until 2012,” said CEO Andy Wynne.
“The acquisition of Nuyarn will see TMC capture greater market share through real innovation and performance.”
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