Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
January/February 2015 January/February 2015

View Issue  |

Subscribe Now  |

Events

OUTLOOK™ Plus Latin America 2015
03/03/2015 - 03/05/2015
01/07/2014 - 01/07/2014

Cairo Fashion - 55th International Fashion, Apparel & Textile Exhibition
03/05/2015 - 03/08/2015

Intermediate Nonwovens Training
03/09/2015 - 03/12/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Burlington To Sell Bedding Window Businesses

Burlington To SellBedding, Window BusinessesGreensboro, N.C.-based Burlington Industries Inc. and Fort Mill, S.C.-based Springs Industries Inc. have signed a letter of intent for the sale of Burlingtons bedding and window consumer products businesses.At TWs presstime, the companies were in the process of negotiating a definitive agreement.The purchase by Springs, which is subject to the approval of the U.S. Bankruptcy Court, would include certain assets, inventory and intellectual properties, including a license to use the Burlington House® name. As well, the companies plan to enter an agreement for jacquard and decorative fabrics for certain Springs home furnishing product lines.George W. Henderson III, Burlington chairman and CEO, said, We are excited by the opportunity to partner with Springs. As a leader in the home fashions industry they have the ability to grow these product lines and represent the Burlington House name in the market. The sale of these businesses will enable Burlington to focus our resources on growing our strong interior fabrics business. April 2002




Advertisement