Research on Merger and Acquisition Reorganization Patterns of Textile Industry

After more than 20 years development, merger and acquisition has become more and more popular and gradually becomes the main tool for enterprises to adjust the industrial structure and optimize the allocation of resources. M&A has three patterns: vertical, horizontal and mixed. Enterprises should consider the effect of internal and external environment and related constraints in choosing M&A patterns. This paper lists related factors that influence the M&A patterns, analyzes their influences and offers advices in choosing M&A patterns with current industrial conditions in mind.