Sae-A explained that Tegra, which is headquartered in Atlanta, Georgia, develops and manufactures sports apparel products for global brands that ultimately outfit professional, college, and high school athletes and their fans.

Tegra’s integrated operational entities include Fjord and ArtFx in the US, Southern Apparel Contractors in Honduras, and Decotex in El Salvador.

Sae-A believes the acquisition will help it to further its growth trajectory and expand its geographic presence to enable it to become a “market leader” in the Western Hemisphere.

Currently, Sae-A Trading, employs more than 30,000 associates across its worldwide operations and operates in eight production countries, fully verticalised from yarn spinning, fabric knitting/dyeing, graphic printing, garment washing, and sewing.

Global Sae-A Group chairman WK Kim said: "We are proud and thrilled to welcome Tegra into the Sae-A family.

“This acquisition enables Sae-A Trading to further its growth trajectory while ensuring continuous and consistent delivery of world-class products for its customers. The scale, operational bases, product development capabilities, and know-how that are being established with this combination will create significant opportunities and advantages for our customers and suppliers.”

Kim also shared that “Sae-A Trading welcomes Tegra’s vital employee base to the combined company,” and looks forward to accelerated investments in production and capabilities to better serve our valued customers.

Steve Cochran, Tegra’s CEO added: “We have been impressed by the commitment of Sae-A to our business, region and customers, and believe this transaction represents an attractive outcome for Tegra, its employees and our stakeholders.”

The terms of the transaction were not disclosed but closing is expected to take place in April 2024.