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MIRFIELD based John Cotton Group has agreed to buy Australian bedding group Tontine from HanesBrands Inc. subsidiary Pacific Brands in a deal worth 14 million Australian dollars (£8.2 mill.).


The acquisition is due to complete in the first quarter of 2017 and is part of a wider series of transactions that saw HanesBrands divest its Dunlop Flooring business to Victoria Plc (see related).


Tontine, based just outside Melbourne, employs 90 people and is Australia’s leading pillow and duvet producing business with sales of 44 million dollars (£25 mill.).


In a press release announcing the deal, John Cotton said: “It is a great pleasure to announce this significant expansion in the business in our centenary year.


“Tontine is a well-managed longstanding business and the leading pillow brand in the Australian market with great opportunities to develop further. Strategically this acquisition expands the John Cotton Group’s Home Textile business and we will now have a significant presence in the UK, Europe, Asia and Australasia.”


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