Deals & IPOs

Media One Buys Premex Solutions in U.S. Textile Push

Media One acquired the U.S. business and assets of Premex Solutions, adding print-ready fabrics to a portfolio that includes Fisher Textiles. Terms were not disclosed.

By Daniel Okafor

2 min read

Updated

Media One Acquires Premex Solutions
Media One Acquires Premex SolutionsAI-generated

What's News

  • Media One acquired the U.S. business and assets of Premex Solutions on Tuesday; terms were not disclosed.
  • Premex Solutions, formerly a subsidiary of Premier Textiles U.K., supplies print-ready fabrics for digital textile printing.
  • CEO Jake Feldman said the deal creates an end-to-end solution for home décor and apparel markets combining fabrics, printing equipment and nationwide support.

Media One has acquired the U.S. business and assets of Premex Solutions, the wide-format printing distributor announced Tuesday. Terms of the deal were not disclosed.

The acquisition extends a portfolio that already includes Fisher Textiles and Hyperflex Vinyls. Premex Solutions supplies high-quality, print-ready fabrics for the digital textile printing industry and was formerly a subsidiary of Premier Textiles U.K.

Media One said the deal "expands the range of applications and solutions Media One and Fisher Textiles can bring to its customers in the home décor, interior décor and fashion markets." The company credited Premex Solutions with "deep textile knowledge and technical expertise, and established customer relationships that round out Media One and Fisher Textiles' existing product and service offerings."

Jake Feldman, CEO of Media One, framed the purchase as a play for end-to-end scale. 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," Feldman said in a statement.

"Paired with our differentiated printing solutions, distribution scale and nationwide technical support, we can now bring an end-to-end, industry-leading solution to the home décor and apparel markets," he said.

Media One positions itself as an integrated supplier. The company brings print-ready fabrics, printing equipment, inks, finishing solutions and nationwide technical service under one roof. Premex customers face little immediate change: they "will continue to work with the people and products they know today while gaining access to Media One's broader capabilities and support," the company said.

For the seller, the deal closes a four-decade family chapter. Ashok Kallumpram, managing director of Premier Textiles, said the company "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 U.S. digital printing market, so finding the right long-term home for the business was very important to us," Kallumpram said. He added that Premier Textiles believes 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."

The acquisition consolidates Media One's position across the digital textile printing supply chain, from fabric pretreatment to finished output. With Premex's technical depth in natural and specialty textiles now paired with its distribution network, Media One is betting that integrated delivery will win share in the home décor and apparel markets.

Original: wwd.com

Share this article:

More from Daniel Okafor

Daniel Okafor

Show full bio

Correspondent covering business strategy at Business Bearings.

234 articles

Related articles

« Previous articleNext article »