Textiles & Apparel / Garment

2023-02-09

Intradeco Holdings acquires Indera Mills to expand it capabilities in the thermal market

Intradeco Holdings, a global vertical-manufacturing company supplying high-quality casual clothing and thermal underwear to major retailers in the United States, Mexico, and Canada is acquiring Indera Mills, one of the world’s largest suppliers of thermal underwear and manufacturers of the leading brands Coldpruf and Indera, it was announced today.

John Willingham, owner of Indera Mills, will continue in his current role as President of Indera, a Division of Intradeco Apparel Inc.

The financial terms of the transaction were not disclosed.

In making today’s announcement, Luis Marquina, Intradeco Chief Operating Officer said, “We are very excited to acquire Indera. This acquisition will enable us to continue to grow our existing expertise while at the same time creating great new synergies and value by joining Indera’s long history and expertise with Intradeco’s capabilities and strength.“

John Willingham said, “We at Indera Mills are excited to become part of Intradeco. For 109 years, our family-owned company has built a successful business based on integrity, commitment and hard work. These important values align with those of Intradeco. Together, we will build a thermal underwear business second to none in the world.“

MMG Advisors, a New York- headquartered investment banking firm, represented Intradeco and help structure and close the transaction.