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Springs Announces Sale Of Ultrafabrics Division

Springs Industries Inc., Fort Mill, S.C., recently announced the sale of its Ultrafabrics Division to an investor group led by Clay Rosenberg, former vice president and general manager of the division. The Ultrafabrics business sells and distributes UltraLeather products to marine and aircraft industries.The newly formed company, Ultrafabrics LLC, will have its headquarters in Elmsford, N.Y., and will employ approximately 15 people.This completes the sale of several businesses, including Ultrafabrics, Springfield and Industrial Products Division, which were not aligned with our core home furnishings focus, said Robert W. Moser, Springs executive vice president.

May 1999