Earlier this year, MAS Holdings created a new venture when it
acquired the assets of BAM Knitting (Pvt) Ltd, a leading fabric knitting and finishing operation in Sri
Lanka. Following the acquisition, the new venture was recently rebranded as TEXO (Pvt.) Ltd. Launching
its new identity at an event held on the 4 th of November 2022, the Group CEO of MAS Holdings, Suren
Fernando, laid the foundation stone for the expansion of the TEXO facility located inside the MAS
Fabric Park in Thulihiriya.
The new venture further enhances MAS’ capabilities in the knitting, dyeing, and printing space for cotton
fabrics and expands its backward vertical integration in the country.
The acquisition is a part of MAS’ strategy to strengthen operations in Sri Lanka, where the company
sources 50% of its raw material requirement as a key hub for complex apparel products. As part of this
strategy, MAS will continue to optimise and grow its capacity in the country, focusing on aggressive
productivity improvements and increased agility, further establishing MAS’ position as Sri Lanka’s leading
About MAS Holdings:
The largest apparel tech company in South Asia, MAS Holdings is among the most recognised design-to-
delivery solution providers in apparel and textile manufacturing. Home to a community of over 118,000
people, today, MAS’ manufacturing plants span 17 countries, with established design locations placed in
key style centres across the world. Catering to the demands of a dynamic and ever-changing industry,
the MAS portfolio has expanded exponentially into wearable technology, FemTech, logistics, start-ups
and fabric parks worldwide.