WINSTON SALEM, NC—Effective, February 9, The Bankruptcy Court has approved the sale of Microfibers Inc. assets in Pawtucket, Rhode Island and in Winston Salem to Flokser Textile in Istanbul, Turkey. Flokser is one of the major producers of finished flock in the world market and this acquisition will enhance their position as a more dominant player in this arena. The purchase price is estimated to be in excess of $6 million including the real estate that houses the finishing equipment in Winston Salem and the flock production lines in Pawtucket. Exact information about price or what the successful bidder will do with the business is not known at the time of this report. Fabrics & Furnishings International will continue to monitor the story utilizing the Court documents and Flokser itself.