Cyrus Clark Acquires Concord Fabrics Print Division
New York - Cyrus Clark, Concord Fabrics, and Bill Zales have formed a holding company to purchase the assets of Cyrus Clark Co., Inc., and Concord Home. The new company, Clark Holdings, LLC, dba Cyrus Clark Co., will be owned equally by Bill… Read more.April 15, 2002
Quaker Fabrics Files Copyright Infringement Suits
Fall River, MA (USA) - Quaker Fabrics Corporation has filed copyright infringement suits to protect itself against imported products that the company claims are copies of its designs. "We are no longer willing to deal quietly with fabric importers,… Read more.April 15, 2002
Burlington to Sell Residential Upholstery to Richloom
New York - As part of its resturcturing of the Burlington House division, Burlington Industries, Inc. announced it has signed a definitive agreement with Richloom Fabrics Group, Inc. for the sale of Burlington's residential upholstery business.… Read more.April 15, 2002
Kass to Resign from Robert Allen
New York – Robert Allen Group CEO Ron Kass announced his resignation 8 April. In an inter-office memo, Kass told employees he was going to pursue his personal goal of working with a major private equity firm to pursue acquisitions in the… Read more.April 10, 2002
Degomes to "Semi Retire"
Vice president new business development Tony Degomes, is going to "semi-retire" from Quaker Fabrics Corporation. "I'm making an arrangement with the company for semi-retirement," Degomes said. "I'll stay on as a consultant. Right now, we''re… Read more.April 5, 2002
LFI Completes Sale of Sunbury
New York - Lifestyle Furnishings International Ltd. announced the completion of its sale of the company's Sunbury division in a management led buyout in conjunction with Long Point Capital. Sunbury is a marketer and manufacturer of high-end… Read more.April 4, 2002
Culp Looking To Sell Wet Printed Flock Operations
Hight Point, NC (USA) - If Culp Inc. does not sell its printed flock upholstery fabrics operations by 28 April, it will close them, the company announced. Sales of wet printed flocks contributed $17.6 million to the company's sales of $374.6… Read more.March 27, 2002
Softex Looks Ahead; New Lines Planned
Fullerton, CA (USA) — In the wake of the loss of the Sasatex business, Softex expects to bring in other offshore lines of textiles to supplement its sales effort. "Obviously the change in Eurofab will open up Softex to new relationships,"… Read more.March 25, 2002
