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AYK International

Full company profile

uuid002ai4x

Namestring
AYK International
Legal namestring
A.Y.K. International Inc.
Websiteurl
aykinc.com
Company typeenum
Private
Founded yearint
1994
Descriptiontext

AYK International is a Canada-based contract manufacturer founded in 1994 by Asher Krausz, specializing in white-label production of socks, hosiery, women's apparel, heated apparel, and accessories for retailers across North America and Europe. The company operates a multi-country manufacturing footprint spanning Bangladesh, Malaysia, Pakistan, Vietnam, and China, with its head office in Anjou, Quebec. Its core technology is process-based: end-to-end custom manufacturing from product development and material sourcing through quality-controlled production and brand-aligned packaging, supported by an unusually broad set of industry and retailer certifications (BSCI, OEKO-TEX, WRAP, SEDEX/SMETA, ISO 9001/14001/45001, CTPAT, Better Cotton, GOTS, GRS, Higg Index).

The company's revenue model operates on two parallel tracks: a long-term B2B white-label manufacturing services business under multi-year, quote-based contracts with tier-1 retailers (Walmart, Costco, Canadian Tire, Gap, Old Navy, Hudson's Bay, SportChek, Roots, Home Depot, Lowe's, Burlington, Dollar General, Ross Stores, TJ Maxx), and a portfolio of 17+ in-house branded consumer lines (Secret, Silks, Energy Techwear, Heat Jammer, Meditech, Milo & Stella, Polar Paws, Tuff Gear, Raging Gear, Wearproof, Bright Star, Therapy Plus, Athletic Sport, Jeno Neuman, CBM Inc, Club Rochelier, Nicci) sold through retail and brand-specific e-commerce channels. In February 2026, AYK acquired insolvent SRTX Inc. via a court-approved reverse vesting transaction, gaining the Sheertex brand and proprietary sheer-technology materials IP. Day-to-day operations are led by CEO Dan Abitan and a senior team including a Head of Sales, directors of product development, merchandising/marketing/design, sourcing, production, and accessories — a structure consistent with a 101–250-employee manufacturing firm managing global production and dual B2B/brand operations.

Short descriptiontext

AYK International is a Canada-headquartered white-label contract manufacturer of socks, hosiery, women's apparel, heated apparel, and accessories, operating production facilities in five Asian countries and supplying major North American and European retailers, alongside a 17+ in-house branded consumer portfolio.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersAnjou, Canada
HQ citystring
Anjou
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices6 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
private label manufacturing, white label apparel, contract hosiery manufacturing, sock manufacturing services, heated apparel manufacturing
Industry3 codes
1Apparel OEM/ODM & Private Label Manufacturing
CodeCRAAAAAKPrimaryYes
2Workwear, Uniform & Protective Apparel Manufacturers
CodeCRAAAAAHPrimaryNo
3Headwear Manufacturing (Hats/Caps/Beanies)
CodeIMAOAFAAPrimaryNo
NAICS code3 codes
  • Apparel Manufacturing315
  • Apparel Knitting Mills3151
  • Apparel Accessories and Other Apparel Manufacturing31599
SIC code4 codes
  • Apparel & Other Finishd Prods Of Fabrics & Similar Matl2300
  • Knit Outerwear Mills2253
  • Men's & Boys' Furnishgs, Work Clothg, & Allied Garments2320
  • Women's, Misses', And Juniors Outerwear2330
Product category
Apparel Manufacturing
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1White Label Manufacturing Services
TypeOne Time License
Description

Custom manufacturing services for retailers and brands, providing tailored solutions from product development to packaging. Revenue generated through long-term manufacturing contracts and project-based production agreements with retail clients across North America and Europe.

aykinc.com
2In-House Brand Sales
TypeHardware Sales
Description

Revenue from proprietary brands including Secret, Silks, Energy Techwear, Milo & Stella, Heat Jammer, Luxuriefit, Meditech, Tuff Gear, Polar Paws, Raging Gear, Wearproof, Bright Star, Therapy Plus, Athletic Sport, and others sold through retail channels.

aykinc.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Pricing details1 tier
1Custom Manufacturing Quote
ModelOtherBilling cadenceMulti-year contract
Notes

Pricing determined based on client specifications, volume requirements, product complexity, and brand requirements. No standardized pricing tiers publicly available.

aykinc.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 15 records shown
1Secret
Description

Intimate accessories, women's collection, underwear, hosiery, and intimates brand.

aykinc.com
+14 more records
Core offering1 text field

AYK International is a global white label manufacturer that produces socks, hosiery, women's apparel, heated apparel, and accessories for retailers across North America and Europe. The company delivers end-to-end custom manufacturing solutions from product development and brand-aligned packaging to quality manufacturing and delivery, serving both private label programs for major retail chains and a portfolio of 17+ in-house consumer brands.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

AYK International is a white label manufacturing company that serves as a contract manufacturer for retailers across North America and Europe. The company operates a multi-brand portfolio of in-house consumer brands alongside its core custom manufacturing services business. The product portfolio spans socks (athletic performance, fashion casual, workwear safety), hosiery (pantyhose, tights, sheers), women's apparel, heated apparel, and accessories. The company acquired the Sheertex brand from SRTX Inc. in February 2026 as part of a court-approved bankruptcy sale, gaining access to proprietary materials technology for durable pantyhose. The manufacturing services division provides end-to-end white label solutions from brand consultation through product development, quality manufacturing, and delivery, serving major retailers and enabling private label programs.

Product and service8 records
1Custom Sock Manufacturing
CategoryManufacturing Service
Description

White label manufacturing services for athletic, fashion, and workwear socks with custom features including moisture-wicking and reinforced construction, offered to retail brands and private label programs.

2Hosiery Manufacturing
CategoryManufacturing Service
Description

White label manufacturing services for pantyhose, tights, knee-highs, and sheer hosiery with multiple denier options and sustainable processes, offered to retail brands and private label programs.

3Accessory Manufacturing
CategoryManufacturing Service
Description

Manufacturing services for cold weather accessories (gloves, mittens, hats, scarves) and fashion accessories (handbags, totes), offered to retail brands.

4Heated Apparel Manufacturing
CategoryManufacturing Service
Description

Specialized manufacturing services for heated apparel products including heated outerwear and thermal accessories, offered to retail brands.

5Secret Brand
CategoryIn-house Brand
Description

In-house brand featuring intimate accessories, underwear, intimates, and hosiery collections for women, sold through retail channels and brand-specific e-commerce.

6Silks Brand
CategoryIn-house Brand
Description

In-house hosiery brand offering pantyhose and sheer legwear products, sold through retail channels and brand-specific e-commerce.

7Sheertex Brand
CategoryAcquired Brand
Description

Premium pantyhose and hosiery brand acquired from SRTX Inc. in February 2026, featuring proprietary materials technology for durable sheer legwear, sold through retail channels and brand-specific e-commerce.

8Energy Techwear Brand
CategoryIn-house Brand
Description

In-house technical apparel brand focused on performance and functional clothing including heated apparel and techwear products, sold through retail channels.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-02-17
Description

Acquisition of SRTX Inc.'s assets including the Sheertex brand and proprietary materials technology through a court-approved reverse vesting transaction under the Bankruptcy and Insolvency Act. AYK International intends to support continuity of the Sheertex brand and commercialize SRTX's proprietary materials technology, retaining a limited number of employees.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

European hosiery manufacturer with vertically integrated production and a portfolio of owned brands. Comparable as both a hosiery OEM and a branded hosiery company, though primarily Europe-focused.

TypeDirect peer
Description

Israel-based global manufacturer of intimate apparel, socks, and hosiery for leading brands and retailers worldwide. Closely comparable product mix (hosiery, intimates, performance socks) and private-label business model.

TypeBroad incumbent
Description

Italian intimate apparel, hosiery, and swimwear manufacturer/retailer. Comparable product categories (hosiery, intimates) and integrated manufacturer-plus-brand model, though vertically retail-tilted.

TypeDirect peer
Description

Privately held US sock and hosiery manufacturer producing for major retailers and brands. Directly comparable in product focus (socks/hosiery) and private-label/OEM go-to-market.

TypeBroad incumbent
Description

Large apparel conglomerate with socks, hosiery (Hanes, Champion), and innerwear. Overlaps in product category but operates as a broader portfolio of branded and private-label apparel at materially larger scale.

TypeDirect peer
Description

One of the world's largest vertically integrated apparel manufacturers, producing socks, hosiery, and basic apparel for major retailers and private-label programs. Most directly comparable OEM/ODM peer in scale and customer type.

TypeBroad incumbent
Description

Global apparel company (Calvin Klein, Tommy Hilfiger) with extensive sourcing and private-label manufacturing relationships. Comparable as a large-scale apparel sourcing/manufacturing organization, though brand-led rather than pure OEM.

TypeDirect peer
Description

Premium hosiery, legwear, and bodywear manufacturer with owned-brand focus. Comparable in core hosiery manufacturing, though weighted toward premium/European fashion distribution.

TypeBroad incumbent
Description

Apparel manufacturer and brand owner (Wrangler, Lee, Helly Hansen). Comparable as a large-scale apparel manufacturer serving global retail, though focused on denim and workwear rather than hosiery.

TypeEmerging player
Description

US-based performance sock brand with selective in-house manufacturing and outsourced production. Partial overlap in athletic/performance socks, representing a brand-side comparison to AYK's OEM-plus-brand model.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers14 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles9 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance17 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

AYK International

Apparel Manufacturingaykinc.com

AYK International is a Canada-headquartered white-label contract manufacturer of socks, hosiery, women's apparel, heated apparel, and accessories, operating production facilities in five Asian countries and supplying major North American and European retailers, alongside a 17+ in-house branded consumer portfolio.

What AYK International does

AYK International is a Canada-based contract manufacturer founded in 1994 by Asher Krausz, specializing in white-label production of socks, hosiery, women's apparel, heated apparel, and accessories for retailers across North America and Europe. The company operates a multi-country manufacturing footprint spanning Bangladesh, Malaysia, Pakistan, Vietnam, and China, with its head office in Anjou, Quebec. Its core technology is process-based: end-to-end custom manufacturing from product development and material sourcing through quality-controlled production and brand-aligned packaging, supported by an unusually broad set of industry and retailer certifications (BSCI, OEKO-TEX, WRAP, SEDEX/SMETA, ISO 9001/14001/45001, CTPAT, Better Cotton, GOTS, GRS, Higg Index).

The company's revenue model operates on two parallel tracks: a long-term B2B white-label manufacturing services business under multi-year, quote-based contracts with tier-1 retailers (Walmart, Costco, Canadian Tire, Gap, Old Navy, Hudson's Bay, SportChek, Roots, Home Depot, Lowe's, Burlington, Dollar General, Ross Stores, TJ Maxx), and a portfolio of 17+ in-house branded consumer lines (Secret, Silks, Energy Techwear, Heat Jammer, Meditech, Milo & Stella, Polar Paws, Tuff Gear, Raging Gear, Wearproof, Bright Star, Therapy Plus, Athletic Sport, Jeno Neuman, CBM Inc, Club Rochelier, Nicci) sold through retail and brand-specific e-commerce channels. In February 2026, AYK acquired insolvent SRTX Inc. via a court-approved reverse vesting transaction, gaining the Sheertex brand and proprietary sheer-technology materials IP. Day-to-day operations are led by CEO Dan Abitan and a senior team including a Head of Sales, directors of product development, merchandising/marketing/design, sourcing, production, and accessories — a structure consistent with a 101–250-employee manufacturing firm managing global production and dual B2B/brand operations.

AYK International firmographics

Firmographics
Name
AYK International
Legal name
A.Y.K. International Inc.
Website
https://aykinc.com
Company type
Private
Founded year
1994
Operating status
Operating
Headcount range
101–250 employees
Short description
AYK International is a Canada-headquartered white-label contract manufacturer of socks, hosiery, women's apparel, heated apparel, and accessories, operating production facilities in five Asian countries and supplying major North American and European retailers, alongside a 17+ in-house branded consumer portfolio.
Ownership category
akta.pro rank

AYK International industry classification

Industry
Product category
Apparel Manufacturing
NAICS
Apparel Manufacturing (315), Apparel Knitting Mills (3151), Apparel Accessories and Other Apparel Manufacturing (31599)
SIC
Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Knit Outerwear Mills (2253), Men's & Boys' Furnishgs, Work Clothg, & Allied Garments (2320), Women's, Misses', And Juniors Outerwear (2330)
akta.pro primary industry
Apparel OEM/ODM & Private Label Manufacturing (CRAAAAAK)
akta.pro secondary industries
Workwear, Uniform & Protective Apparel Manufacturers (CRAAAAAH), Headwear Manufacturing (Hats/Caps/Beanies) (IMAOAFAA)

Keywords

  • Private label manufacturing
  • White label apparel
  • Contract hosiery manufacturing
  • Sock manufacturing services
  • Heated apparel manufacturing

Where AYK International is headquartered

Location

Headquarters

HQ city
Anjou
HQ country
Canada
HQ region
North America

Offices6 records

Markets served

AYK International business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. White Label Manufacturing Services: Custom manufacturing services for retailers and brands, providing tailored solutions from product development to packaging. Revenue generated through long-term manufacturing contracts and project-based production agreements with retail clients across North America and Europe.
  2. In-House Brand Sales: Revenue from proprietary brands including Secret, Silks, Energy Techwear, Milo & Stella, Heat Jammer, Luxuriefit, Meditech, Tuff Gear, Polar Paws, Raging Gear, Wearproof, Bright Star, Therapy Plus, Athletic Sport, and others sold through retail channels.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractCustom Manufacturing Quote

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

AYK International product offering

Product offering

Core offering

AYK International is a global white label manufacturer that produces socks, hosiery, women's apparel, heated apparel, and accessories for retailers across North America and Europe. The company delivers end-to-end custom manufacturing solutions from product development and brand-aligned packaging to quality manufacturing and delivery, serving both private label programs for major retail chains and a portfolio of 17+ in-house consumer brands.

Product overview

AYK International is a white label manufacturing company that serves as a contract manufacturer for retailers across North America and Europe. The company operates a multi-brand portfolio of in-house consumer brands alongside its core custom manufacturing services business. The product portfolio spans socks (athletic performance, fashion casual, workwear safety), hosiery (pantyhose, tights, sheers), women's apparel, heated apparel, and accessories. The company acquired the Sheertex brand from SRTX Inc. in February 2026 as part of a court-approved bankruptcy sale, gaining access to proprietary materials technology for durable pantyhose. The manufacturing services division provides end-to-end white label solutions from brand consultation through product development, quality manufacturing, and delivery, serving major retailers and enabling private label programs.

Differentiator

Problem solved

Functional benefit

Brands

  • Secret: Intimate accessories, women's collection, underwear, hosiery, and intimates brand.
  • Silks
  • Energy Techwear
  • Heat Jammer
  • Luxuriefit
  • Meditech
  • Milo & Stella
  • Polar Paws
  • Raging Gear
  • Therapy Plus
  • Tuff Gear
  • Wearproof
  • Bright Star
  • Athletic Sport
  • Sheertex

Products and services

  • Custom Sock Manufacturing White label manufacturing services for athletic, fashion, and workwear socks with custom features including moisture-wicking and reinforced construction, offered to retail brands and private label programs.
  • Hosiery Manufacturing White label manufacturing services for pantyhose, tights, knee-highs, and sheer hosiery with multiple denier options and sustainable processes, offered to retail brands and private label programs.
  • Accessory Manufacturing Manufacturing services for cold weather accessories (gloves, mittens, hats, scarves) and fashion accessories (handbags, totes), offered to retail brands.
  • Heated Apparel Manufacturing Specialized manufacturing services for heated apparel products including heated outerwear and thermal accessories, offered to retail brands.
  • Secret Brand In-house brand featuring intimate accessories, underwear, intimates, and hosiery collections for women, sold through retail channels and brand-specific e-commerce.
  • Silks Brand In-house hosiery brand offering pantyhose and sheer legwear products, sold through retail channels and brand-specific e-commerce.
  • Sheertex Brand Premium pantyhose and hosiery brand acquired from SRTX Inc. in February 2026, featuring proprietary materials technology for durable sheer legwear, sold through retail channels and brand-specific e-commerce.
  • Energy Techwear Brand In-house technical apparel brand focused on performance and functional clothing including heated apparel and techwear products, sold through retail channels.

Companies that use AYK International

Customer profile

Named customers14 records

Segments3 records

Ideal customer profiles2 records

AYK International technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

AYK International partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • SRTX Inc.coreStrategic or Co-development Partner · 17 February 2026Acquisition of SRTX Inc.'s assets including the Sheertex brand and proprietary materials technology through a court-approved reverse vesting transaction under the Bankruptcy and Insolvency Act. AYK International intends to support continuity of the Sheertex brand and commercialize SRTX's proprietary materials technology, retaining a limited number of employees.

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

AYK International competitors and assessment

Company assessment

Direct peers

  • Golden Lady: European hosiery manufacturer with vertically integrated production and a portfolio of owned brands. Comparable as both a hosiery OEM and a branded hosiery company, though primarily Europe-focused.
  • Delta Galil Industries: Israel-based global manufacturer of intimate apparel, socks, and hosiery for leading brands and retailers worldwide. Closely comparable product mix (hosiery, intimates, performance socks) and private-label business model.
  • Renfro Corporation: Privately held US sock and hosiery manufacturer producing for major retailers and brands. Directly comparable in product focus (socks/hosiery) and private-label/OEM go-to-market.
  • Gildan Activewear: One of the world's largest vertically integrated apparel manufacturers, producing socks, hosiery, and basic apparel for major retailers and private-label programs. Most directly comparable OEM/ODM peer in scale and customer type.
  • Wolford: Premium hosiery, legwear, and bodywear manufacturer with owned-brand focus. Comparable in core hosiery manufacturing, though weighted toward premium/European fashion distribution.

Broad incumbents

  • Calzedonia Group: Italian intimate apparel, hosiery, and swimwear manufacturer/retailer. Comparable product categories (hosiery, intimates) and integrated manufacturer-plus-brand model, though vertically retail-tilted.
  • Hanesbrands: Large apparel conglomerate with socks, hosiery (Hanes, Champion), and innerwear. Overlaps in product category but operates as a broader portfolio of branded and private-label apparel at materially larger scale.
  • PVH Corp. Global apparel company (Calvin Klein, Tommy Hilfiger) with extensive sourcing and private-label manufacturing relationships. Comparable as a large-scale apparel sourcing/manufacturing organization, though brand-led rather than pure OEM.
  • Kontoor Brands: Apparel manufacturer and brand owner (Wrangler, Lee, Helly Hansen). Comparable as a large-scale apparel manufacturer serving global retail, though focused on denim and workwear rather than hosiery.

Emerging players

  • Feetures: US-based performance sock brand with selective in-house manufacturing and outsourced production. Partial overlap in athletic/performance socks, representing a brand-side comparison to AYK's OEM-plus-brand model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

AYK International social profiles

Digital presence

AYK International compliance and trust

Trust signal

Compliance17 records

AYK International financial estimates

Financial estimate

Revenue estimate

Valuation estimate

AYK International leadership team

Management profile

Number of profiles

Profiles9 records

AYK International funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

AYK International M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AYK International

What does AYK International do?

AYK International is a global white label manufacturer that produces socks, hosiery, women's apparel, heated apparel, and accessories for retailers across North America and Europe. The company delivers end-to-end custom manufacturing solutions from product development and brand-aligned packaging to quality manufacturing and delivery, serving both private label programs for major retail chains and a portfolio of 17+ in-house consumer brands.

Is AYK International a public or private company?

AYK International is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was AYK International founded?

AYK International was founded in 1994. It employs 101 to 250 people.

Where is AYK International based?

AYK International is headquartered in Anjou, Canada, in the North America region.

How does AYK International make money?

Two revenue lines are on record. White Label Manufacturing Services are the primary driver. The others are in-House Brand Sales.

Who are AYK International's main competitors?

Direct peers on record are Golden Lady, Delta Galil Industries, Renfro Corporation, Gildan Activewear and Wolford. Broad incumbents are Calzedonia Group, Hanesbrands, PVH Corp. and Kontoor Brands. Feetures is listed as an emerging player.

Does AYK International have an API?

No public API is recorded for AYK International.

What industry is AYK International in?

AYK International's product category is Apparel Manufacturing. Its primary akta.pro industry code is CRAAAAAK, Apparel OEM/ODM & Private Label Manufacturing, with a secondary code of CRAAAAAH, Workwear, Uniform & Protective Apparel Manufacturers. Its NAICS code is 315 and its SIC code is 2300.

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Live signals
BetaKitCourt filings reveal Sheertex maker’s steep losses ahead of insolvencySRTX, the Montréal startup behind Sheertex's "unbreakable" tights, has entered insolvency and sold assets to fellow Québec textile firm AYK International, with court filings revealing the company accumulated over $128 million in losses since 2023 despite $255 million in total funding and a peak valuation of $350 million. Revenue declined from $45.5 million in 2023 to $27.9 million in 2024 as the company pivoted from direct-to-consumer to B2B sales but failed to achieve the production scale needed for profitability. AYK plans to continue the Sheertex brand using SRTX's proprietary technology while not retaining the factory lease or most of the remaining 30 employees.InsolvencyinsiderSRTX Group seeks reverse vesting transaction following NOI filingSRTX Group filed for bankruptcy protection in Canada on February 17, 2026, following the failure of a $255 million funding round to offset cumulative losses exceeding $128 million. The company has selected A.Y.K. International Inc. as the successful bidder for a reverse vesting transaction that will result in SRTX Inc.'s existing equity being cancelled and transferred to the purchaser. This strategic review process was initiated due to deepening operational challenges and tariff-related pressures despite previous capital injections.Just StyleSRTX to divest certain assets to AYK International after reviewCanadian materials company SRTX has signed a definitive agreement to sell certain assets to hosiery company AYK International, following a strategic review process that began in October last year. SRTX has filed for bankruptcy protection under the Bankruptcy and Insolvency Act, with PricewaterhouseCoopers appointed as trustee, and the transaction is subject to court approval. AYK International plans to retain a limited group of employees to continue the Sheertex brand and develop SRTX's proprietary materials technology.BetaKitSheertex maker will be sold to fellow Québec hosiery company AYKMontréal-based SRTX, the maker of Sheertex "unbreakable" tights, has struck a deal to sell to fellow Québec textile company AYK International, following a year of mounting losses exceeding $30 million annually, mass layoffs reducing its workforce from roughly 350 to fewer than 10 employees, and two leadership changes. SRTX is filing a Notice of Intention (NOI) under the Bankruptcy and Insolvency Act to facilitate court approval of the transaction in the coming weeks, with AYK expected to continue the Sheertex brand and its proprietary rip-resistant polymer technology. The acquisition marks the end of SRTX, which had raised over $250 million USD in debt and equity since its 2017 founding but never achieved profitability despite its disruptive material technology.Winnipeg Free PressSheertex-maker to sell firm to rival manufacturer in Quebec, pending court OKSRTX Inc., the maker of Sheertex pantyhose, has reached a sale agreement with AYK International Inc., a Quebec-based rival hosiery manufacturer, pending court approval under the Bankruptcy and Insolvency Act. The deal does not include the lease for SRTX's Pointe-Claire, Quebec facility or certain machinery, and AYK will retain fewer than 10 of SRTX's staff while continuing to operate the Sheertex brand and commercialize its proprietary technology. SRTX launched a strategic review last fall after the departure of founder Katherine Homuth in 2017, warning the process could result in a sale of the business.