Textured Jersey executives meet investment funds in U.S.

Sept 19, 2016 (LBO) - Textured Jersey Lanka PLC executives Moiz Rehmanjee and Rodney Arland were in the U.S. last week to meet global investment funds, as part of a non-deal roadshow. Rehmanjee is chief operating officer for commercial, and Arland is chief operating officer for marketing/business development. The two executives were hosted by institutional equities broker Decker & Co.. “Institutional investor interest in Asian emerging markets is especially focused on high-quality companies and the consumer sector,” said Mark Decker, founder and CEO of Decker & Co. “Textured Jersey Lanka is a prime example of an under-researched company with quality operations and growth prospects. We are honored to host the firm for this non-deal roadshow.” Meeting topics included the company’s future growth strategy. Textured Jersey Lanka’s recent acquisition of Ocean India (OCI), a cotton mill based in Visakhapatnam, and Quenby Lanka Prints (QPL), helped the firm expand both knitting manufacturing and fabric printing capabilities. The company’s growth strategy includes plans to increase its percentage of value-added products from 25-30% currently to 40% of output, offering higher margins. Textured Jersey Lanka is Sri Lanka’s leading producer of value-added knitted fabric, specializing in high quality, weft-knitted and dyed stretch fabrics. The firm is a major supplier to apparel manufacturers throughout Asia and well-known end-chain retailers such as Marks & Spencer, Victoria's Secret, and Intimissimo. Textured Jersey Lanka’s history goes back nearly half a century, when its British roots gave it a solid grounding in the textile industry. The firm’s ownership changed hands in the year 2000 and the company entered a new era. Among its shareholders are two of the most successful companies in the industry, Brandix Lanka and Pacific Textiles. Pacific Textiles is a Hong Kong-based company with one of the largest manufacturing facilities in China. Decker & Co. is a leading Emerging and Frontier Asia specialist broker in the U.S. Decker & Co. which partners with leading local brokers in each market to provide U.S. institutional investors access to the best local research and listed corporates. The firm’s principals have been among the leading experts in Asian markets since the 1990s. The firm’s clearing partner is Convergex Execution Solutions.