Donear Group buys OCM Woolen Mills

Textile player Donear Industries on Monday said the promoters of the group have acquired OCM Woolen Mills.

The acquisition, whose size was not disclosed, would make the Donear Group the largest branded menswear fabric manufacturer, the company said.

This is the second major acquisition by Donear Group after it acquired Grasim Bhiwani Textiles from Aditya Birla Group firm Grasim Industries in July, this year.

"No other manufacturer in India has been able to match the quality of OCM blazer and jacket of tweed fabric till date. We have charted out ambitious and aggressive plans to promote the OCM brand," Donear Group Promoter Rajendra Agarwal said.

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