ATLANTA — The Burlington Worldwide (BWW) division of International Textile Group, Inc. (ITG) has entered into a marketing and commercial partnership with OCM India, a leading Indian manufacturing company of worsted wool fabrics located in Amritsar, India.
Like ITG, OCM is a majority-owned by WL Ross & Co. LLC in New York, N.Y.
Under the agreement, BWW will provide technical and manufacturing support to OCM in the development of advanced manufacturing processes and operations and the development of new wool fabrics with opportunities to promote and use fabric technologies developed by BWW. BWW will develop and operate an export program for the sale of OCM products to the U.S., European and Asian markets. OCM will be licensed to produce and sell wool fabrics under the Burlington brand name to the domestic Indian market.
Said Wilbur L. Ross Jr., chairman of ITG, “This is a tremendous opportunity to expand ITG’s footprint into the growing market and provide an additional supply chain of products for the U.S. and European markets.”
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