Acquiring Company
DBL Group
Acquired Company
Glory Textile and Apparels Limited
DhakaDhakaManufacturingFashionRetailManufacturingFashionDescription
DBL Group has acquired Glory Textile and Apparels Limited for Tk425 crore to enhance its operations in high-end apparel production. The acquisition aims to add 48 new production lines and significantly expand the factory's capacity. With an expected workforce increase from 1,340 to 5,000, DBL anticipates contributing $100 million in exports within a year.
Quick answer
DBL Group is acquiring Glory Textile and Apparels Limited, announced March 22, 2025. DBL Group is based in Dhaka, Dhaka Division, Bangladesh.
- How much did DBL Group pay for Glory Textile and Apparels Limited?
- The deal value was not disclosed.
- What does DBL Group do?
- DBL Group is a diversified conglomerate which has vertically integrated apparel and textile manufacturing facilities, with concerns in Ceramic Tiles, Pharmaceuticals, Sewing Thread, Dyed Fiber & Yarn, ICT &..
- Where are DBL Group and Glory Textile and Apparels Limited based?
- DBL Group is based in Dhaka, Dhaka Division, Bangladesh. Glory Textile and Apparels Limited is based in Dhaka, Dhaka Division, Bangladesh.
- Who are the decision-makers at DBL Group?
- Fundz holds 1 contact at DBL Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at DBL Group, and when
When DBL Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Glory Textile and Apparels Limited?
Glory Textile and Apparels Limited was acquired by DBL Group, based in Dhaka. The deal was reported on March 22, 2025. DBL Group is privately held and operates in Manufacturing.
When did DBL Group acquire Glory Textile and Apparels Limited?
DBL Group's acquisition of Glory Textile and Apparels Limited was reported on March 22, 2025. DBL Group has acquired Glory Textile and Apparels Limited for Tk425 crore to enhance its operations in high-end apparel production. The acquisition aims to add 48 new production lines and significantly expand the factory's capacity. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Glory Textile and Apparels Limited do?
Glory Textile and Apparels Limited is a knit composite factory established in 2017. It became a member of the Bangladesh Garment Manufacturers and Exporters Association in 2022. It is privately held, operating in Manufacturing, and is based in Dhaka.
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