Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
September/October 2014 Sept/Oct 2014

View Issue  |

Subscribe Now  |

Events

IWTO Wool Round Table
12/01/2014 - 12/02/2014

Beltwide Cotton Conferences
01/05/2015 - 01/07/2015

SURFACES 2015 International Flooring Event
01/21/2015 - 01/23/2015
02/24/2014 - 02/24/2014

- more events -

- submit your event -

Printer Friendly
Full Site

Textile News

Berkshire Hathaway To Acquire Fruit Of The Loom39 S Apparel Business
CHICAGO and OMAHA, Neb., Nov. 1 /PRNewswire/ -- Fruit of the Loom, Ltd.(OTC Bulletin Board: FTLAQ), Fruit of the Loom, Inc. (collectively the"Company") and Berkshire Hathaway Inc. (BRK.A, BRK.B) announced that they andcertain of their respective subsidiaries have executed a definitive agreementtoday (the "Purchase Agreement") for New FOL Inc., a Berkshire subsidiary, toacquire substantially all of the Company's basic apparel business operationsat a purchase price of $835 million in cash, subject to adjustments. Thepurchase price is subject to significant reduction for certain liabilities aswell as adjustment upward or downward depending on working capital levels.New FOL will assume the ordinary course post-petition liabilities and certainspecified pre-petition liabilities of the business. Warren E. Buffett, Chairman of Berkshire Hathaway, said, "We've agreed tobuy Fruit of the Loom for two major reasons: the strength
October 31, 2001

India Aims At Global Role In Textiles
October 31, 2001

Rolling Out The Red Carpet
October 31, 2001

New Book Highlights Cotton Fibers Impact On U S Economy
October 31, 2001

Safe And Sound
October 31, 2001

National Acquires Glen Raven39 S Open-End-Package Dyeing Business
National Spinning Co., Inc., a leading US-based supplier of yarns, and Glen Raven Yarn Co., LLC confirmed today the acquisition, effective November 12, 2001, by National Spinning of Glen Ravens open-end spinning and package-dyeing business, including two plants located in Alamance County, North Carolina. The former Glen Raven plants, which will immediately be integrated into Nationals operations, will become known as the Alamance Spinning Plant and Alamance Dyeing Plant of National Spinning. Over 200 associates will be added to Nationals base of 1,600 owner-associates.The added capacity will enhance National Spinnings ability to service its customers. Commenting on the acquisition, Jim Chesnutt, president and CEO of National, stated, "Despite being in an environment that has not favored domestic textile producers, National is fortunate to be in a position to expand its core business. Chesnutt added
October 31, 2001

IFAI Flash Report
October 31, 2001

Better Chemistry
October 31, 2001

Textile World Magazine Acquired
Textile World, one of the oldest, globally recognized business magazines founded in 1868 by McGraw-Hill has been acquired by Atlanta based Billian Publishing, Inc.Billian Publishing, Inc., is no stranger to the textile trade publishing arena. With other titles such as Textile Industries, Textiles Panamericanos, the Textile Industries Red Book, and Diccionario Textil, Textile World is a natural addition to Billians Textile Group. Also included in Billians Textile Group are Textile Industries.com and the Textile Industries e-newsletter, bringing subscribers the latest textile industry developments and news.During his tenure at McGraw-Hill, Doug Billian, founder and CEO of Billian Publishing, Inc., relocated Textile Worlds publishing operation to Atlanta in 1971.In 1978 Billian founded his own publishing company with the purchase of Golf World maga
October 31, 2001

CEMATEX Reconfirms ITMA 2003 Will Be In Birmingham
October 31, 2001