Jerash To Acquire MK Garments For $2.8M Cash
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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