This newly formed global powerhouse in the workwear and protective textiles markets will be led by RTS, with minority shareholdings held by TMG – Acabamentos Têxteis S.A. (TMG) and Sapphire Textile Mills Limited (STM).

Effective 24th March 2025, this merger marks the next logical step in a partnership that has developed over years of collaboration between RTS, TMG and STM. Initially starting as supply chain partners, in 2017 TMG and RTS entered into a joint venture as MGC in Portugal, and in 2021 STM and RTS entered into a strategic partnership under CTI in Asia. This new integrated strategic merger will further enhance the combined strength of all three companies.

The group will encompass RTS’ wholly owned brands and operations, including Carrington Textiles, Pincroft and Alltex, as well as full ownership of CTI, MGC and Melchior. The current management team at RTS will continue to lead the new entity, ensuring continuity and maintaining strong customer relationships.

Leveraging expertise and resources

The merger brings together the unique strengths of each organisation:

• RTS: Known for high-performance flame-retardant (FR) fabrics for the PPE sector and rotary screen-printed fabrics for the military market.

• TMG: Experts in weaving, dyeing and finishing high-quality fabrics, serving a wide variety of applications in the workwear sector.

• STM: Specialises in vertical integration, with a focus on spinning, weaving, dyeing and finishing workwear textiles.

“We are thrilled to announce this transformative merger, which will reshape the future of RTS, TMG and STM,” said John Vareldzis, CEO of RTS Textiles Limited. “By combining our expertise and resources, we are creating a dynamic and innovative entity that will set new standards in our industry, enabling us to better serve our customers and accelerate our growth.”