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Mount Vernon Signs Letter Of Intent With Western Textile

Mount Vernon Mills Inc., Greenville, S.C., and The Western Textile Companies recently announced that they have signed a letter of intent for Mount Vernon to purchase the pocketing, interlinings, custom manufacturing and related merchandising and marketing business of Western, including Westerns operations in Columbus, Miss., which employees approximately 60 people.The combining of the Western Textile Pocketing Business with Mount Vernons weaving and finishing capabilities is good for the market, said Charles Van Dyke, president of Western. Both companies enjoy an excellent reputation in the industry, both companies are good at what they do, and the timing is right.Western will continue to focus on its other textile-related businesses in health care and retail-ready manufacturing, along with its other business interests in manufacturing concrete construction accessories.Roger W. Chastain, president of Mount Vernon added: This acquisition will be a strong addition to our Brentex Division. Not only will we be better able to use the increased capacity of our recent expansion in Cuero, Texas, but we also have more opportunities to offer our apparel customers accessories like cut pockets and waist bands."Western has been a respected producer of cut pockets and interlinings and we hope to build on that reputation. We are also looking forward to becoming an active member of the Columbus community."

October 1999