Colombo - Noyon Lanka, part of MAS Holdings, one of Sri Lanka's largest knitted fabric and clothing manufacturers, has acquired lace manufacturer Noyon Calais from France's Desseilles Calais.

With the acquisition, Noyon Lanka will enhance its ability to provide high-quality lace products to customers worldwide, drawing upon and preserving the rich history and heritage of lace manufacturing In France.

"Noyon Calais, is a French lace manufacturer known for a 100+ years of heritage in the industry," MAS said. "This Intellectual Property (IP) acquisition now positions Noyon Lanka as an industry leader in lace manufacturing, combining the legacy and heritage of Noyon Calais SAS and MAS Holdings' technical competency and manufacturing excellence."

The acquisition of the Intellectual Property and other assets will also enable Noyon Lanka to draw inspiration, create and commercialize lace products and manufacture lace products under the 'Noyon' trademark. Additionally, Noyon Lanka will now be the owner of all Noyon trademarks belonging to Noyon Calais and will own all their archives of sketches, drafts, and samples of lace and embroidery fabrics from the 19th and 20th centuries.

Commenting on the deal, Noyon Lanka's CEO, Ashiq Lafir, said: "This acquisition will enable us to expand our product design offerings and strengthen our leadership position in lace manufacturing globally. We are humbled and proud to take ownership of Noyon Calais’ remarkable legacy and combine it with our technical expertise to create beautiful, innovative lace products for our customers."

Sébastien Bento Soares, the Directeur Général - CEO of Calais Dentelles, added: "This asset sale enables Desseilles Calais to focus on our core luxury market and ensures that the rich history and legacy of Noyon’s lace continues to effectively serve its long-time customers, who have come to rely on Noyon’s heritage in lace to provide some of the world foremost brands with the finest lace designs that their customers have adorned over many generations.”

Noyon Lanka was established in 2004 when Noyon Calais France, an industry expert in knitted and leavers lace, partnered with MAS Holdings. Today, Noyon's lace creators and designers launch over 450 designs each year, with collections ranging from multi-way stretch, high tenacity lace to engineered lace for fabric.

In addition to its production facilities in Sri Lanka, the company has a global footprint with manufacturing presence in both Indonesia and China.