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10/05/2015 - 10/10/2015

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WestPoint Stevens Continues 8-Point Program

WestPoint Stevens Continues 8-Point Program WestPoint Stevens Inc., West Point, Ga., has signed a letter of intent to purchase the assets and business operations of the Chatham Consumer Products Division of CMI Industries Inc., Elkin, N.C. The transaction is contingent upon the parties entering into a definitive agreement with customary terms and conditions. The acquistion of Chatham in conjunction with our expanded licensing agreement with Ralph Lauren and our new licensing agreement with Disney will allow WestPoint to become a major resource in blankets, an important category in home fashions accessories, said David C. Meek, executive vice president, finance, and CFO. January 2001