PUB acquires carpet manufacturer for RM2.5mil

PETALING JAYA: Paragon Union Bhd (PUB) has entered into an asset purchase agreement with Carpet Art Manufacturing Sdn Bhd (CAMSB) for the proposed acquisition of the latter’s assets for RM2.5mil.

In a filing with Bursa Malaysia, PUB said CAMSB is principally involved in the manufacturing and supply of high quality handtufted and machined tufted carpets, trading in carpet and related products and general trading.

“This acquisition enables PUB to extend its market and client base by acquiring the skills and expertise in designing and manufacturing custom-made and hand-tufted commercial carpets and rugs.”