Premex Solutions, the Georgia-based digital textile fabrics business, has been acquired by Media One, marking the next phase of its growth in the US market.
Premex was established to meet growing US demand for digitally printable textiles. It carries the product expertise, technical knowledge and textile heritage of its parent company, Premier Textiles Group, a Manchester-based, family-run business founded in 1981, serving customers across North West England and beyond.
A key part of Premex’s success has been its focus on innovation, with the business bringing new fabric developments to the US market. This combination of textile expertise, technical knowledge and commitment to innovation has helped establish Premex as a strong and respected supplier in the digital textile market.
Nick Smith, Director, Premier Textiles Group, said: “Premex has developed into an exciting business with real potential in the US market. This acquisition puts it in the best position to reach that potential, with an owner able to give it the focus, resource and investment it needs.
“Media One is exactly that owner. We’re excited to see what the business achieves as it enters this next chapter.”
Premex joins Media One’s existing portfolio alongside Fisher Textiles and Hyperflex Vinyls, bringing print-ready fabrics together with printing equipment, inks, finishing solutions and nationwide technical service under one roof. Premex customers will continue working with the same people and products, now backed by Media One’s wider capabilities.
Jake Feldman, Chief Executive Officer of Media One, said: “Premex has developed best-in-class print-ready and pre-treated fabrics, along with real technical depth in natural and specialty textiles that complements our own printing technology and service expertise.”
The acquisition also frees Premier Textiles Group to put its full resources and expertise into growing Premier Textiles and Premier Digital Textiles across its core UK and European markets.
Nick Smith added: “This is about focus, not a lack of opportunity. Premex’s US potential is real, and that’s exactly why it needs an owner who can give it full attention. We can then put ours into growing our core UK and European businesses.”
Ashok Kallumpram, Managing Director of Premier Textiles, said: “Premier Textiles has been my family’s business for more than four decades, and we are extremely proud of the reputation, relationships and textile expertise we have built over that time.
“Premex Solutions represents an important extension of that legacy into the US digital printing market, so finding the right long-term home for the business was very important to us.
“We believe Media One shares our commitment to customers, people and the textile industry, and has the capabilities and vision to build on that legacy for many years to come.”
Financial terms of the transaction were not disclosed.
www.mediaone.com
