Jerash To Acquire MK Garments For $2.8M Cash

garments cash jerash again facility
Jordan
  • Date: 01-Jul-2021
  • Source: Yahoo News
  • Sector: Economy
  • Country: Jordan
  • Who else needs to know?

Jerash To Acquire MK Garments For $2.8M Cash

Jerash Holdings Inc (NASDAQ: JRSH) has announced its subsidiary Jerash Garments and Fashions Manufacturing Co Ltd has agreed to buy MK Garments Mfg Co (Jordan) for about $2.8 million in cash.

The transaction is expected to close in August 2021.

The new facility will enable Jerash to produce approximately 2.5 to 3.5 million additional garments per year.

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