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Victor Woolen Products Purchases Frostman

Victor Woolen Products Ltd., New York, has announced that it has purchased the core assets of Forstmann & Co. Inc. including two manufacturing facilities and equipment in Dublin, Ga., and the company’s accounts receivable, inventory, trademarks and other related assets.

Terms of the sale were not disclosed. The new company, Victor Forstmann Inc., will operate as a wholly owned subsidiary of Victor Woolen Products.

“The tools are in place for us to carry our business forward and to be a force in this market for a long time,” said Neal Grover, president, Forstmann.

January 2000