Mitsui & Co., Ltd (Mitsui) have acquired the Pertex brand and some key machinery formerly owned by Perseverance Mills Ltd.
Tetsuo Nonomura, director and general manager of Mitsui's textile division said:
"Mitsui is committed to the research and development of innovative textile technology for which Pertex has gained a worldwide reputation with products such as Pertex Quantum, and Pertex Equilibrium.
"The transfer of Pertex technology to our factories in Japan is well advanced and the manufacturing equipment will be sited in lines dedicated to the production of Pertex products."
Mitsui have retained the services of Pertex brand manager, Steve Laycock, with Perseverance Mills man and boy.
Laycock, a true blue MTBer and commuting cyclist, said:
"I am really pleased that Mitsui have the vision to take on the Pertex brand and Im excited by the prospect of working with Mitsui to develop new Pertex technologies and to strengthen the brand at retail and consumer levels. Pertex will continue to work with end-user groups to develop solution oriented textile technologies."