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Textile player Donear Industries today said the promoters of the group have acquired OCM Woolen Mills.
The acquisition, whose size was not disclosed, would make the Donear Group the largest branded menswear fabric manufacturer, the company said in a statement.
The latest deal will enable the group to provide its product range to consumers for all weather conditions and all occasions.
"No other manufacturer in India has been able to match the quality of OCM blazer and jacket of tweed fabric till date. We have charted out ambitious and aggressive plans to promote the OCM brand," Donear Group Promoter Rajendra Agarwal said.
The deal will help the distributors of OCM, who generally witness lower sales during non-winter seasons, to sell an additional range of products.