Himatsingka buys DWI Holdings for $30 mn

Himatsingka Seide today announced that the company has completed the acquisition of 100% stake in DWI Holdings Inc for $30 million.

Himatsingka acquired the stake through its wholly owned subsidiary, Himatsingka America Inc.

Early this year in February it had acquired Giuseppe Bellora SpA and Divatex Home Fashions (in July).

The acquisition of DWI is in line with the company's strategy to forward integrate high-end brands and large distirbution networks in the home textile space.

For the fiscal 2007, DWI reported revenues of 47 million.

Headquartered in Atlanta, Georgia, DWI has the licenses for the sourcing, marketing and distribution of luxury home textile brands - Calvin Klein, Barbara Barry and Royal Sateen.