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

Textile World Photo Galleries
May/June 2015 May/June 2015

View Issue  |

Subscribe Now  |


Techtextil North America 2015
06/02/2015 - 06/04/2015

JEC Americas Composites Show & Conferences
06/02/2015 - 06/04/2015

The GarTex Show - The International Machinery Sourcing Exhibition for Garments, Textile and Allied Industry of Bangladesh
06/11/2015 - 06/13/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

JPS Textile To Sell Home Furnishings Business

JPS Textile Group Inc., Greenville, S.C., announced the execution of an asset purchase agreement by JPS Converter and Industrial Corp., its wholly owned subsidiary, to sell its home furnishings business to privately owned Belding Hausman Inc., Emporia, Va.According to JPS, the purchase price is $11.4 million in cash payable at closing, subject to adjustment for certain working capital items.Included in the sale is JPSs Boger City plant in Lincolnton, N.C. All plant employees are expected to become employees of Belding Hausman, and there should be no effect on the manufacturing operations.

February 1999