Collins & Aikman Intends to Acquire Joan’s Automotive Fabric Operations

TROY, Mich. – Collins & Aikman Corporation announced today that it has signed a letter of intent to acquire the automotive fabric operations of Joan Fabrics, a leading supplier of bodycloth to the automotive industry, and all of the operating assets in Joan's affiliated yarn dying operation, Western Avenue Dyers (WAD). For fiscal 2000, Joan and WAD had combined operating...