Sunbury’s Truslow Sees $100 Million Sales Potential
May 22, 2014
SOHO, New York—Sunbury Textile Mills celebrates ‘Decades,’ a new collection of 1930’s, 1940’s, 1950’s and 1960’s inspired fabrics at its showroom on Broome Street here.
Another decade was also celebrated with the tenth anniversary of Sunbury as an employee owned company (ESOP) which Hank Truslow Jr., President & CEO, feels will reach its true potential when it hits $100 million in sales. The 200 employees made a pretty good bet on the company because the stock has risen 176 percent in the past ten years since 2004, Truslow says. ”Every employee owns a piece of the company,” Truslow explains. Kate Korten, New York based designer with Hank Truslow, President, Sunbury Mills
He also says that all segments of his business are “growing” in 2014; at least 10 percent in fact is expected for the full year. “Export is also pretty good with the UK, Europe and Australian markets moving ahead for us.” He says he is committed to a program of modernization and upgrades at the mill in Sunbury, PA. but the best thing he did during a slow period several years ago was to invest in novelty yarn spinning through outside suppliers in the USA and globally, he says. “Sunbury is now running three shifts and is capitalizing on even high end fabrics in an ultra high niche. We continue to find new outlets for what we create.”
Truslow, notoriously not one to volunteer much information about Sunbury was feeling expansive, even jubilant in making his comments to F&FI during a cocktail party for ‘Decades.’ Decades are a 100 sku, 25 pattern collection covering four Decades. The line was designed under the watchful eye of Jennifer Hendren, Vice President of Design for Sunbury, who challenged the in house design staff to be creative with the past—covering residential, contract, performance and furniture design groups at the mill. More details including who was there—inside.