WINSTON SALEM, North Carolina—Effective, February 9, The Bankruptcy Court has approved the sale of Microfibres Inc. assets in Pawtucket, Rhode Island and in Winston Salem to Flokser Textile in Istanbul, Turkey.Flokser is one of the major producers of finished flock in the world market and this acquisition will enhance their position as a more dominant player in this arena. Its principal business is artificial leather but flock is a growing business. Flokser will bring out new flock lines in the next six months and will most likely consolidate the Microfibres operations in the USA and China. The purchase price was just under $6 million including the real estate that houses the finishing equipment in Winston Salem and the flock production lines in Pawtucket. The market expects Flokser to close Pawtucket and bring the US operation under one roof in Winston-Salem.