TMG IN MANUFACTURING WITH MG LAB

TMG Textiles acquired the human resources and know-how of the Delcon outwear company, which belonged to the Ricon group and is now bankrupt.

“MG Lab employs 60 people and produces about 200 parts per day. We sell added value to the customers that seek quality and capability”, explains Rita Ribeiro, TMG Textiles’ business manager, who also hired the Ricon’s group sourcing manager to gain access to “a spectacular network of suppliers.”

Not to compete with its textile customers is the concern of TMG Textiles’ extension strategy. The company closed 2017 with a turnover of 30 million euros.

This past year, sales reached 33 million, and in 2019 sales are expected to reach 35 million, already benefiting from the full impact of the Delcon acquisition.

“Since 2016 we have been growing in double digits,” says Rita Ribeiro.