Ghana news briefing
GTP, Woodin enter new phase under Ghanaian ownership
Accra, Sept 4, GNA – TexStyles Ghana Limited (TSG), the textile manufacturer of the GTP and Woodin brands, is set to enter a new phase under Ghanaian ownership following the acquisition of the company by Olive Africa Partners Fashions Limited.
The statement described the acquisition as a strategic investment in Ghana’s textile sector and an indication of the new owners’ confidence in the industry and its long-term growth prospects.
Mr Oosting said the new investor, together with the existing management, understood the textile industry and its potential, adding that Vlisco Group would continue to support the company as a partner.
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