Culp Partners With Synthetics Finishing
As a result, Culp will close its Burlington, N.C.-based finishing plant and lay off approximately 100 workers. The company expects to complete this transition in January 2006. Culp will have three remaining US upholstery fabrics manufacturing facilities and a growing operation in China.
“As the global marketplace continues to evolve, we are transitioning Culp’s business model to one that is more agile and less capital-intensive,” said Robert G. Culp III, chairman and CEO.