Culp Expands Mattress Fabrics Business
High Point, N.C.-based Culp Inc.’s Culp Home Fashions Division has announced plans to invest $9.5 million in its mattress fabrics operations. The two-phase project includes a building expansion, and additional finishing and fabric production capacity, with a late fall 2014 phase one completion target and early spring 2015 phase two target. The capacity expansion will include operations in the United States, Canada, China and Poland.
“Culp Home Fashions has enjoyed solid growth with record annual mattress fabrics sales of over $160 million in fiscal 2014,” said Iv Culp, president of Culp Home Fashions. “These expansion initiatives are an important investment in our future growth and reflect our unwavering commitment to meeting the demands of our customers. Ultimately, our goal is to further develop our scalable and reactive capacity base, and to stay ahead of the decorative trends and increasing demands of the mattress industry. We are excited about the opportunities ahead to continue to grow our mattress fabrics business.”
August 12, 2014