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Alamanac Management Reopens Plant

ALAMANAC MANAGEMENT REOPENS PLANTManagement of Alamac American Knits LLC together with two private equity groups have purchased many of the assets of "old" Alamac. The company resumed operations Oct. 1, re-employing up to 450."The dedication of Alamac's people and substantial new equity enable Alamac American Knits to continue to offer the same wide array of products and superior service that are synonymous with Alamac-old and new," states Mark Cabral, president and 26-yr Alamac veteran.Sales personnel, based in New York, Atlanta and Lumberton, along with labor force and management team, will be comprised of experienced Alamac veterans, assuring continuity of daily operations.All operations, including knitting, dyeing, finishing and distribution will be consolidated into the approximately 415,000-sq. ft. Lumberton facility. Product offerings will include lacoste, pique, jersey, interlock, jacquards, stripes and coordinating collars and welts in 100% cotton, cotton blends and manmade. Specialized vat-dye capabilities, both piece dyed and yarn-dyed, provide proprietary products to the industrial laundry trade."Alamac American Knits has a strong management team, produces top quality products and is focused on a growing market segment. It is a very attractive investment," says Charles S. Craig, chairman of Alamac American Knits and Craig Capital Corp., a Connecticut-based investment company.November 2001