John Cotton Group has signed an agreement to purchase Australia’s leading pillow and duvet producing business, Tontine.
John Cotton Group will purchase the Tontine business from Pacific Brands, part of the Hanes Brands Group, in the first quarter of 2017. The Tontine business has an annual turnover of £25m, employs 90 people and is located just outside of Melbourne.
John Cotton commented:
“It is a great pleasure to announce this significant expansion in the business in our centenary year. Tontine is a well-managed, long standing business and the leading pillow brand in the Australian market with great opportunities to develop further.
“Strategically this acquisition expands the John Cotton Group’s Home Textile business and we will now have a significant presence in the UK, Europe, Asia and Australasia.”