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Mount Vernon Signs Agreement With Nisshinbo

Mount Vernon Mills Inc., Greenville, S.C., and Nisshinbo California Inc. recently announced that they have signed a definitive agreement for Mount Vernon to purchase Nisshinbos textile manufacturing facility and related assets in Fresno, Calif. The Fresno operation employs more than 150 people and is a leading producer of greige cotton fabric for apparel.This acquisition will enable our Apparel Fabrics Division to significantly broaden its ring-spun offerings, particularly those fabrics that require additional strength and superior surface treatments, said Roger W. Chastain, president of Mount Vernon. We also will achieve greater capacity utilization in our dyeing and finishing operations as a result.

September 1999