Dogi shareholders approve Treiss’ acquisition

- This acquisition revives Dogi’s strategy, expanding its activity and bringing the company closer to major clients, thus significantly increasing its turnover.

- Treiss is a Spanish firm engaged in womenswear design and the management of the logistics and production process, and which clients are the leading fashion chains.

- Treiss, that will be globally included into DOGI’s accounts, has closed year 2015 with a sales figure of € 21.9 million, an EBITDA of € 4.3 million and a net profit of € 3 million.

- DOGI will continue to bet on acquisitions to develop its strategic plan which goal is to reach a turnover of € 200 million by 2020.

Dogi International Fabrics’ General Shareholders Meeting (GSM), which has taken place yesterday in El Masnou (Barcelona), has approved Treiss’ acquisition. By doing so, Dogi takes a new step forward in its Strategic Plan which implies becoming a major group in the textile sector, with a turnover that should exceed € 200 million in 2020 and committed to be present in various segments of the textile industry.

Treiss acquisition enables the group to diversify considerably its income sources. It is a Spanish company engaged in womenswear design and the management of the logistics and production process, and which clients are the leading fashion chains. In 2015, its turnover amounted to € 21.9 million with an EBITDA (earnings before interest, taxes, amortisation and depreciation) of € 4.3 million and a net profit of € 3 million.

Growth through Acquisitions.

Treiss acquisition falls within the framework of DOGI’s announced strategy to create a leader textile group, thereby including a new business unit focused on garment design and supply chain management for major fashion chains, and that will maintain Treiss’ current management team at the head of the company.