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Great American Knitting Mills To Acquire Ridgeview Assets

Great American Knitting Mills To Acquire Ridgeview Assets Ridgeview Inc., Newton, N.C., entered into a letter of intent with Great American Knitting Mills Inc., Burlington, N.C., to sell certain assets, including the Ridgeview name and other trademarks.According to Hugh Gaither, president and CEO, Ridgeview, the company intends to continue in the sport sock business and hopes that the proposed transaction will provide the necessary resources to build the brand going forward.The transaction provides an opportunity for our Ridgeview sport sock business to continue in the marketplace, said Gaither. March 2001




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