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

Textile World Photo Galleries
July/August 2015

View Issue  |

Subscribe Now  |


Irantex, The 21st International Exhibition of Textile Machinery, Raw Materials, Home Textiles, Embroidery Machines & Textile Products
09/04/2015 - 09/07/2015

Hightex 2015 - 6th International Technical Textiles and Nonwovens Trade Fair
09/11/2015 - 09/13/2015

Nonwoven Nanofiber And Microfiber Fundamentals And Applications
09/14/2015 - 09/17/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Knitting / Apparel

JPS Industries Sells Apparel Division To Private Company

JPS Industries Inc., Greenville, S.C., completed a transaction selling the assets of its apparel division to JPS Acquisition Corp., a new, privately held company formed by two veteran textile executives H. Doug Kingsmore and Jerry E. Turner. The sale includes its apparel manufacturing and administrative facilities located in South Boston, Va.; Greenville, S.C.; and Laurens, S.C.; as well as sales offices in New York City and Los Angeles.The purchase price of the assets is approximately $27 million, with future consideration in the form of an earn-out based on earnings before interest, depreciation and amortization, as defined, for the 24-month period immediately following the sale.

January 2001