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National Textiles To Acquire China Grove Textiles

National Textiles LLC, Winston-Salem, N.C., made an offer to acquire the assets of China Grove Textiles Inc., China Grove, N.C., including all of the manufacturing assets and certain working capital of China Grove.

National Textiles plans to continue operating and further modernize China Grove’s three ring-spun yarn facilities.

The company will be using the majority of China Grove’s production capacity for its vertical processing needs and the remaining capacity will service existing customer demands.

April 2000