Stout Brothers Emerges Into Major Decorative Jobber
Colmar, PA (USA) - As it approaches its 75th anniversary, Stout Brothers Co., with sales of just under $20 million has been growing at a rate of at least 10 percent for each of the last three years. The hiring of Arthur Breziner who joined… Read more.December 7, 2001
Weave Introduces Glasgall Division
Hackensack, NJ (USA) – Weave Corporation, a leading designer and weaver of better jacquard upholstery fabrics will introduce, a new division, the Glasgall Silk Company this winter. Glasgall Silk Company produces 100% silk upholstery fabrics… Read more.December 3, 2001
Rhodia Technical Fibers Replaces Rhodia Performance Fibers with New President
Valence, France—Rhodia Group has merged two divisions, Rhodia Performance Fibers and Rhodia Industrial Yarns, to form a new division to be known as Rhodia Technical Fibers. Laurent Schmitt has been named president of the new combined… Read more.November 21, 2001
Burlington Files Ch.11 Bankruptcy
Greensboro, NC (USA)— Burlington Industries, Inc. has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. In round numbers, Burlington had a net loss of $91 million for its fiscal year 2001 ended… Read more.November 15, 2001
Pacific Weavers Buys Assets of Fairmount Fabrics
Garden City, NY (USA) – Pacific Weavers announced it has completed a deal for ownership of the Dallas-based jobber, Fairmount Fabrics, according to Pacific Weavers vice president Barry Sendach. Pacific Weavers will run Fairmount as a separate… Read more.October 10, 2001
Joan Completes Sale of Automotive Assets
Tyngsboro, Mass. (USA) - Joan Fabrics Corporation has completed the sale of its automotive business to Collins and Aikman, according to Joan chairman Elkin McCallum. The deal was reportedly worth $165 million in cash and stock options. ''The… Read more.October 4, 2001
Lanscot Foam Backs Target Energy Crunch
HIGH POINT — Lanscot Arlen is reintroducing thermal-backed window fabrics based on current energy shortages in the U.S.A and in other parts of the globe. "We are introducing 24 new designs with 12-15 more in work," said Bob Woodcock,… Read more.October 1, 2001
Coteminas and Springs Forge Alliance
São Paulo, Brazil — Coteminas and Springs, manufacturers of home furnishing textile products based in South America and North America respectively, have formed an alliance they believe will benefit customers on both continents. Under… Read more.October 1, 2001
