September 21 2014 Latest news:
Tuesday, January 21, 2014
Norfolk-based KL Technologies (KLT) has acquired an historic German textile business with a turnover of €20m (£16.5m). Bamberger Kaliko, founded in 1863, employs 118 staff at its textile finishing plant at Bamberg, just north of Nuremberg in Germany. Mark Littlewood, chief executive of KLT, said the acquisition would strengthen the King’s Lynn firm’s position in the textile market. The company already owns PIL Membranes and Barnsley-based Nanoflam.
“Kaliko is a perfect fit with our existing textile businesses, which are already significant suppliers into the industry,” said Mr Littlewood.
“We’re excited about this further expansion of our textiles business and look forward to working closely with the team in Bamberg to grow the business.”
Phones 4u is to go into administration - placing more than 5,500 jobs at risk - after network operator EE joined Vodafone in cutting ties with the retailer.