Jerash Holdings Acquires Jordan Facility to Drive Major Production Expansion
New York, Thursday, 5 February 2026.
Jerash Holdings accelerates growth with a $3.4 million facility acquisition, aiming to add 2,500 jobs and significantly boost manufacturing capacity for major apparel brands by late 2026.
Strategic Acquisition in Amman
On February 5, 2026, Jerash Holdings (US), Inc. (Nasdaq: JRSH) announced a definitive step in its global expansion strategy by securing approval to acquire a manufacturing facility and associated land in Amman, Jordan [1]. The agreement, executed through its subsidiary Jerash Garments, involves the purchase of a 17,100 square meter building located in Al-Ruqaim Village, South Amman [1][3]. The transaction is valued at 2.4 million Jordanian Dinars, or approximately $3.4 million [2][3]. This move follows a formal property purchase request submitted to the Housing Bank for Trade and Finance on January 20, 2026, which received approval on February 2, 2026 [2][3].
Financial Structure and Capital Investment
The company has structured the acquisition using a combination of direct capital and debt financing. Jerash Holdings has committed to a down payment of $0.6 million, with the remaining balance of approximately $2.8 million financed by the Housing Bank for Trade and Finance [1]. The terms of this financing stipulate that the first principal payment will be due in February 2027 [1]. Beyond the purchase price, management plans to invest an additional $5.0 million to renovate the property and install advanced manufacturing equipment [1]. Consequently, the total estimated capital injection to bring the facility online stands at approximately 8.4 million.
Operational Impact and Workforce Expansion
This acquisition is projected to significantly alter the company’s operational scale relative to its current footprint. Jerash Holdings currently operates six factory units and four warehouses in Jordan, employing a workforce of approximately 6,000 people [1]. The new facility is expected to gradually add up to 2,500 workers, representing a potential workforce increase of 41.667 percent [1]. Renovations are anticipated to be completed before the end of 2026, allowing the company to scale production to meet demand from major clients such as VF Corporation (The North Face, Timberland, Vans), New Balance, and Skechers [1]. Chairman and CEO Sam Choi stated that this investment reflects the board’s confidence in the company’s long-term growth outlook [1].