Sapphire Textile Mills to Acquire Minority Stake in UK Fabrics Firm

Sapphire Textile Mills Limited (Spinning, Weaving, Yarn Dyeing, Processing & Stitching) is making a strategic move by entering into agreements to acquire a minority stake in RTS Textiles Group Limited, a UK-based company known for its expertise in manufacturing and selling workwear fabrics worldwide.

This acquisition, which may be completed directly by Sapphire Textile Mills or through one of its subsidiaries, is subject to corporate and regulatory approvals. The company sees this investment as an opportunity to enhance synergies in manufacturing, marketing, and research and development. By strengthening these areas, Sapphire aims to deliver greater value to customers while also boosting textile exports from Pakistan.

Sapphire Textile Mills is already well-established in the industry, engaged in manufacturing and selling yarn, fabrics, and home textile products. Its operations also include fabric finishing, stitching, and printing. This latest investment aligns with its commitment to innovation and global expansion, reinforcing its position in the textile market.