Switzerland-based Hermann Bühler AG has successfully completed the sale of its U.S. subsidiary, Buhler Quality Yarns Corp., to South Korean Samil Spinning Co. Ltd., as of March 20, 2017. Final closing was the end of April. Further details of the transaction were not disclosed.
As a key player in the North American yarn market, and with a well-established international distribution network, Buhler Quality Yarns will provide Samil Spinning a Western Hemisphere manufacturing base via Buhler’s spinning facility in Jefferson, Ga. This strategic addition broadens Samil Spinning’s global footprint, further establishing its business in the U.S. market and increasing its client portfolio. Samil will build on Buhler’s full product portfolio through targeted investments in the Jefferson facility.