NEW YORK-Abhishek Industries/Trident Group and Mundotextil Industrias have formed a joint venture to distribute home textiles worldwide.
According to a joint statement from the two companies, the proposed venture will supply luxury linens and other home textiles, with a focus on the countries of the European Union. Abhishek/Trident currently produces and exports terry towels to more than 60 countries, with Europe and the United States accounting for 90 percent of its exports, the statement said.
Based in Portugal, Mundotextil manufactures and distributes terry towels and other bath textiles in Europe. Recently, the company has introduced the Bianca bath brand in the United States.