SRTX Receives $25M Investment From Investissement Québec
Summary
The company intends to use the funds to expand and consolidate its position as a player in the textile sector, while continuing to grow its vertical manufacturing operations in Quebec. This latest round is supporting SRTX’ drive to scale its manufacturing capacity and strengthen its research and development capabilities as it grows across all its distribution channels and innovates new materials. This new facility will enable SRTX to continue to drive its costs down as it expands the position of its tights product, Sheertex. Employing over 300, SRTX has invested in the capability to produce apparel-grade UHMWPE yarns and materials that are at the heart of its products. The company has grown through the financial support of investors and strategic partners including H&M, EDC, BDC and ArcTern.