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Springs Announces Alliance With Brazilian Manufacturer

FORT MILL, S.C., Aug. 16 /PRNewswire/ -- Springs Industries Inc.(NYSE: SMI) announced today a strategic long-term alliance with Coteminas, a Brazilian manufacturer, for bed and bath products. Coteminas will provide manufacturing resources to support Springs' sales and marketing of home furnishings products in North America. "Supplementing Springs' manufacturing capabilities with Coteminas' world-class textile facilities will allow us to offer a broader array of products ona competitive basis. Springs' relationships in the marketplace, well-knownbrands and distribution capabilities will ensure that our alliance with Coteminas provides more opportunities for all of our customers," said CrandallC. Bowles, Springs chairman and CEO. "We are committed to creating value for our customers, and we will achieve that with a balance ofdomestic manufacturing and access to international facilities." "We are excited about the new alliance with Springs," said Josue Gomes,Coteminas chief executive officer. "Both companies are committed to excellence, and combining our resources will benefit our customers." Springs Industries (NYSE: SMI) supplies leading retailers with a complete line of sheets, towels, comforters, window treatments and other coordinated home fashions designed to simplify home decorating for every consumer. Our major brands are Wamsutta(R), Springmaid(R), Regal(R), Graber(R), Bali(R),Nanik(R) and Dundee(R). Springs also markets bed and bath products for institutional and hospitality customers, home sewing fabrics, and baby bedding and baby apparel products. The company operates facilities in 13 U.S. states and owns marketing and distribution subsidiaries in Canada and Mexico. Coteminas, a vertically integrated leading manufacturer of home furnishings and knitted active apparel, has 11 modern manufacturing facilitiesin four Brazilian states supplying yarn, fabric, bed and bath linens, bed ensembles, comforters, bath robes, towels, T-shirts, sport shirts, fleece and socks. Coteminas' major brands are Artex, Santista, Calfat, Garcia, Arco Irisand Attitude.SOURCE Springs Industries, Inc.Web Site: http://www.springs.com Copyright 2001 PR Newswire