Peterson Partners Invests In India's Textile Industry

Salt Lake City, UT - Peterson Partners, Intermountain West private equity firm, has made a $3M investment in K.P.R. Mills Limited, announced Jordan Clements, managing partner of Peterson Partners.

K.P.R., located in Coimbatore, India, was established in 1975 and has a global presence in the garment exporting industry including cotton yarn, fabric and knitted apparel. After a planned expansion, the Company will be equipped with one of the largest cotton spinning capacities in the region with over 210,000 spindles and will double its existing apparel capacity to produce 30 million garments per year.

Rick Stratford of Peterson Partners said, "We are excited about our investment in K.P.R. Mills Ltd. The entrepreneurs of K.P.R. have built an outstanding company, which, in our view, has some of the best HR practices in the international apparel and textile industry. The company is well-positioned to build an integrated value-chain for customers, from yarn to fabric to knitted apparel products."

SOURCE: Peterson Partners