Worldtex Acquires Facility From Fruit Of The Loom
Worldtex Inc., Hickory, N.C., has announced it has acquired Fruit of the Looms narrow elastic
fabric manufacturing facility in Lexington, S.C., for an undisclosed cash payment.In connection
with the acquisition, Worldtex will enter into a long-term agreement to supply narrow elastic
fabrics to Fruit of the Loom.This is an important further step in our strategy to diversify our
business by pursuing strategic acquisitions in niche segments of the textile industry, said Barry
D. Setzer, president and CEO of Worldtex.