Marubeni Corporation is acquiring 45.5% of the shares of Saide Tekstil Sanayi ve Ticaret Anonim Şirketi, a Turkish company that conducts the planning, manufacturing and sales of apparel as well as other activities.
Having a planning base in London, Saide has been rapidly expanding its sales in the European apparel market by providing customers with a short lead time production function in Turkey, which has a cluster of textile and apparel manufacturers, and has design and planning functions that reflect the latest global trends.
Marubeni has a production system that enables timely, stable and mass supply of high-quality apparel, footwear, home textiles and other products at competitive prices for Japan and other Asian markets.
This investment participation will enable Marubeni to optimally combine the planning, production and sales channels of the two companies to create synergies such as achieving short lead time for Asian customers. Marubeni aims to expand its sales in global lifestyle-related markets such as apparel and other areas where growth is expected from population increases and economic development.