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Textile News

Mills Announce Acquisitions, Closings

Recent news from US textile companies includes acquisitions by International Textile Group (ITG), Performance Fibers Holdings Inc., American & Efird Inc. (A&E), and American Fibers & Yarns Co. (AF&Y); and plant closings by Culp Inc. and Unifi Inc.

Greensboro, N.C.-based ITG’s Carlisle Finishing division, a commission printing and finishing supplier for apparel and interior furnishings products, has agreed to acquire the H. Landau division of HLC Industries, Philadelphia, a supplier of fabrics for military uniforms. Carlisle Finishing, Carlisle, S.C., will integrate H. Landau into its business, and will sell fabrics directly to government and military customers and provide commission finishing for these types of products.

Performance Fibers, Colonial Heights, Va., has acquired the Scottsboro, Ala.-based North American business of Diolen Industrial Fibers Inc. The business includes a high-tenacity polyester yarn plant in Scottsboro and a fabric converting plant in Winfield, Ala. The acquisition increases Performance Fibers’ North American industrial fibers capacity and distribution, as well as adds fabric capability to its North American portfolio.

A&E, Mount Holly, N.C., has acquired assets of Fairview, N.J.-based Robison-Anton Textile Co.’s thread and yarn business and certain affiliated companies. Robison-Anton will operate as a separate A&E division focused on global expansion of the embroidery thread business.

AF&Y, Chapel Hill, N.C., has acquired High Point, N.C.-based Culp’s polypropylene (PP) fiber extrusion assets, located in Graham, N.C., and has signed a long-term contract to supply Culp with PP yarn. AF&Y is integrating the operation into its Bainbridge, Ga., and Afton, Va., facilities; and will hire employees at those plants.

Culp also will close its yarn plant in Shelby, N.C., moving chenille yarn operations to its Lincolnton, N.C., plant, and outsourcing open-end yarns previously produced in Shelby. Culp’s moves will eliminate 100 jobs.

Unifi, Greensboro, will close Plant One in Mayodan, N.C., and move operations to Plant Three in Madison, N.C. The move is expected to increase efficiency of its Nylon division and will result in the loss of fewer than 30 jobs.

October 2005