Joan Fabrics to Purchase a Majority of Stock in Circa 1801

Briarcliff Manor, N.Y. – Elkin MacCallum, chairman and CEO of Joan Fabrics Corporation has signed a letter of intent to purchase, along with a small group of investors, majority of the stock of Circa 1801. Joan Fabrics is the parent company for Mastercraft Fabrics. "The acquisition of Circa 1801 is a logical addition to the group of companies we currently...