DBL Group Acquires Glory Textile and Apparels Limited

March 21, 2025

DBL Group has acquired Glory Textile and Apparels Limited for Tk425 crore, taking over a knit-composite factory in Bhaluka, Mymensingh. The purchase expands DBL's manufacturing capacity and capabilities in high-end apparel production, with financing support from Standard Chartered Bank and Pubali Bank PLC.

Buyers
DBL Group
Targets
Glory Textile and Apparels Limited
Sellers
Glory Group
Industry
Manufacturing
Location
Mymensingh, Bangladesh
Transaction Type
Buyout

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