Chargeurs Fashion Technologies, the world's second-largest apparel interlinings manufacturer, is expanding its global footprint with the acquisition of Precision Custom Coatings' (PCC) interlinings business.

The acquisition – the company's first in the US and its largest to date – will expand its business into new technical performance wear categories, including outerwear, performance apparel and athleisure, as well as intimate apparel.

Chargeurs Fashion Technologies currently works with luxury, ready-to-wear and fast-fashion brands that include Chanel, Gucci, Hermès and Uniqlo.

Managing director and president Angela Chan will be responsible for overseeing the company's worldwide expansion.

"This acquisition is our most important to date and will be a game changer for our client base," says Chargeurs' Group chairman and CEO Michaël Fribourg.

He adds: "Chan is very well prepared to lead the successful integration of the two companies, and this transformative agreement will create a global champion with operations across Europe, the Americas and Asia. The newly combined entity will offer clients solutions that perfectly address their needs in terms of technical and operational performance."

PCC's interlinings business has operations in the US and Asia and offers a wide array of woven, knit and nonwoven interlinings, both fusible and sewn-in.

The acquisition, which consists of a share deal of PCC Asia and an asset deal of the PCC USA interlinings business carveout, is not expected to lead to any redundancies and is due to be completed by the end of 2018. PCC has annual revenues of more than US$80m and employs 300 people in 10 countries worldwide.