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SRTX Inc., the struggling Canadian company known for making resilient pantyhose called Sheertex, found another apparel business in the Montreal region to buy it, months after announcing a strategic review.
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A.Y.K. International Inc., which owns the Secret and Silks pantyhose brands, is making the offer, according to a statement Tuesday that didn’t disclose a price. A.Y.K. also makes socks, gloves, hats and bags.
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“We have long admired Sheertex — not only for its innovation, but for its deep commitment to its craft and its customers,” Dan Abitan, A.Y.K.’s chief executive, said in a statement.
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The transaction will preserve the Sheertex brand and its proprietary technologies, SRTX said. It plans to seek court approval for the deal using a proposal under Canada’s Bankruptcy and Insolvency Act.
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SRTX’s difficulties came to light a year ago, when it put 40 per cent of its then-350 employees and contractors on temporary leave, citing the expected effects of United States tariffs as well as the impending removal of an exemption that allowed low-value packages to be shipped duty-free to U.S. customers.
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Katherine Homuth founded SRTX in 2017 with the backing of Y Combinator, and investors included Sweden’s Hennes & Mauritz AB, Investissement Quebec and the Canadian government’s export development agency.
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Homuth, who left the company in March 2025 when it accepted US$40 million in fresh capital, said in October she had submitted a proposal to take back the firm.
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