6 November 2009, Taipei – Taiwanese circular knitting
machine builder Pail Lung Machinery Mill Co. Ltd., announced yesterday that it
lead a consortium which has acquired Vanguard Supreme Machine Company of Monroe,
North Carolina. The company will continue to produce machines and maintain
their offices and factory in Monroe.
The combined companies will operate under the name Vanguard
Pai Lung, LLC, under the joint partnership of Mr. James Wang, Mr. Bill Moody
and Mr. Leo Yates. “Together, we will be
uniquely positioned to provide the world's finest textile machinery,” a
spokesperson for the new company said. The company plans to continue building
Vanguard Supreme’s well known range of high speed circular knitting machines,
as well as manufacturing Pai Lung’s fashion and home textiles circular
machines.
Vanguard Pai Lund says the deal will benefit its customers
by offering them a greater range of products, provide better support worldwide
and ensure next generation technology from financially sound company with long
term growth potential. The new company plans to broaden its product range to
meet the needs of its customers in the Americas. Internally the deal is
expected to enhance the overall machinery offer by integrating R&D,
production and sales and marketing. The compny also says that the synergy
created will also enhance future product performance and result in better
products and services to enhance its customers competitiveness.
“Our goal is to deliver high quality products and service
that will include new Vanguard and Pai Lung circular knitting machines, new and
rebuilt flat machines and rebuilt and used circular knitting machines,”
Vanguard Pai Lung says. The company will also carry an extensive line of
replacement parts and provide technical service.
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