Canadian Apparel Company Sheertex Acquired Amid Strategic Review

SRTX, a Canadian company recognized for its durable pantyhose brand Sheertex, has been acquired by another apparel business in the Montreal area. Bloomberg posted on X, the acquisition comes months after SRTX announced a strategic review of its operations. The move is seen as a significant step for the company, which has been facing challenges in the competitive apparel market. The acquisition aims to bolster Sheertex's position and expand its reach in the industry. Details regarding the terms of the acquisition have not been disclosed, but it marks a pivotal moment for the company as it seeks to navigate its future in the apparel sector.