SRTX Inc., the struggling Canadian company known for making resilient pantyhose called Sheertex, found another apparel business in the Montreal region to buy it, months after announcing a strategic review.
A.Y.K. International Inc., which owns the Secret and Silks pantyhose brands, is making the offer, according to a statement Tuesday that didn’t disclose a price. A.Y.K. also makes socks, gloves, hats and bags.
“We have long admired Sheertex — not only for its innovation, but for its deep commitment to its craft and its customers,” Dan Abitan, A.Y.K.’s chief executive officer, said in a statement.
The transaction will ...
