Ghanaian investment company Olive Africa Partners Fashions Ltd has acquired the shares of TexStyles Ghana Limited held by Vlisco BV, bringing the GTP and Woodin brands under Ghanaian ownership.

The company says it aims to combine long-term Ghanaian ownership with strong corporate governance, operational excellence and investment to support growth in Ghana and other African markets.

According to a press release issued on Thursday, September 3, 2026, the acquisition makes Olive Africa Partners Fashions the principal shareholder of TexStyles Ghana Limited, one of Ghana’s leading textile manufacturers.

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The deal also includes the transfer of trademarks associated with the GTP and Woodin brands, which have been part of Ghana’s textile and fashion industry for decades.

Olive Africa Partners Fashions is a wholly Ghanaian-owned investment company represented by its co-founding partners, Kofi Kwakwa and John Gadzi.

Chairman of Olive Africa Partners Fashions, Kofi Kwakwa, said the acquisition was both a major personal milestone and a strategic investment in Ghana’s textile sector.

“My connection to this business goes back many years. As a Ghanaian child, I watched my mother trade in GTP fabric to support her family,” he said.

He said he and John Gadzi were honoured to take over the historic company and its two well-known brands.

“We deem it a great honour to take over this historic company and the iconic GTP and Woodin brands. We are excited about building on their legacy for the future,” Kofi Kwakwa said.

Despite the change in ownership, TexStyles Ghana will continue operating in Ghana under its current management structure.

The company said this would help ensure continuity for its employees, distributors, retailers and customers. It will also continue serving customers through its existing distribution network across Ghana and the wider West African region.

Chief Executive Officer of Vlisco Group, Perry Oosting, said the company was pleased that TexStyles Ghana would continue under Ghanaian ownership.

“TexStyles Ghana and its brands are deeply connected to Ghana’s and West Africa’s cultural and textile heritage,” he said.

Perry Oosting said Vlisco would continue to support TexStyles Ghana and treat the company as a partner following the change in ownership.

“We are pleased that the company will continue its journey with a dedicated Ghanaian-based investor who, together with the current management, understands the industry and its potential,” he said.

Managing Director of TexStyles Ghana, Kodwo Agyenim-Boateng, also welcomed the new shareholders and thanked Vlisco for its support over the years.

“We are delighted to welcome our new shareholders and look forward to working with them to continue to take the business forward,” he said.

The transaction is expected to take effect in the coming weeks after the completion of all applicable administrative and regulatory requirements.

Olive Africa Partners Fashions, chaired by Kofi Kwakwa, is an investment-holding company focused on investing in and building businesses in the fabrics sector.

ANAS/MA

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