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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