INDONESIA PRESS-Trisula International to acquire Mido Uniform-Jakarta Globe

Mon Apr 7, 2014 9:38pm EDT

Indonesian garment manufacturer Trisula International, aims to take control of Mido Uniform, a Singapore-based firm, in the second quarter of this year in order to boost sales, said president director Lisa Tjahjadi.

The firm, which is also a clothing retailer, said the acquisition was valued at 22.9 billion rupiah ($2.03 million) and is expected to boost sales growth at Trisula by 6 percent.

Note: Reuters has not verified this story and does not vouch for its accuracy.

($1 = 11,302.5 Indonesian rupiah) (Compiled by Jakarta Newsroom; Editing by Anupama Dwivedi)

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