Burlington Manufacturing, American Yarn To Acquire ITG Facility
Burlington Manufacturing Services Inc. (BMS), Burlington, N.C., and warp draw company American Yarn
have leased space at Greensboro, N.C.-based International Textile Groups Pioneer plant in
Burlington. ITG is selling the facility which offers yarn and warp preparation, as well as
producing package and slasher dye yarns to a unit of Lee Properties, High Point, N.C., which will
lease it to BMS and American Yarn.
BMS, a recently formed company led by former Burlington executive Robert Sills and current operating management of the Pioneer plant, has agreed to acquire the operation at that facility and will provide production solutions and technical expertise to textile manufacturers.
"We believe the purchase of the Pioneer facility represents a positive outcome for both BMS and ITG," said Sills. "This allows BMS to accelerate the growth of our customer base while maintaining the skills and expertise of the plants workforce. Most importantly, it will provide employment for approximately 100 people."
"American Yarn is pleased by the opportunities presented at the Pioneer facility," said Pierre Simmen, president. "We are further excited to be working with our partners, BMS and Lee Properties, in ensuring the continuance of manufacturing jobs in the Burlington area. American Yarn will take the current warp draw employees at Pioneer and plans to add 30 new jobs over the next two years."
May 22, 2007