$3 million investment in Coimbatore K.P.R. Mills

Peterson Partners Invests in India's Textile Industry

Peterson Partners, a leading Intermountain West private equity firm, has made a $3 million investment in K.P.R. Mills Limited,Coimbatore 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,Coimbatore. 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."
About Peterson Partners. Peterson Partners, based in Salt Lake City, is one of the Intermountain West's most successful private equity firms. Peterson is ranked in the top 1 percent of investment groups in the U.S. for return on investment. Specializing in small to mid-sized companies, Peterson Partners has a track record of success including investments in JetBlue, Making Memories, EnergySolutions, Asurion, Instashred, Winder Farms, 3form and Diamond Rental. Founded in 1995, Peterson Partners has over $300 million under management through four funds.

Sourece:dailyindia

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