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

March/April 2014 March/April 2014

View Issue  |

Subscribe Now  |


Understanding The U.S. Government Lists Of Products Believed To Be Made With Forced Or Child Labor webinar
04/22/2014 - 04/22/2014

12th International Exhibition on Textile Industry (Indo Intertex 2014)
04/23/2014 - 04/26/2014

Smart Fabrics & Wearable Technology 2014
04/23/2014 - 04/25/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Guilford To Sell Home Fashions Assets To Homestead

Guilford To SellHome Fashions Assets To HomesteadGuilford Home Fashions, a division of Guilford Mills Inc., Greensboro, N.C., has agreed in principle to sell certain assets to Homestead Fabrics Ltd., a subsidiary of United Kingdom-based BroomeandWellington.Homestead will acquire Guilford Home Fashions name, trademarks, certain inventories and other assets. Terms of the sale were not disclosed.Under the agreement, Homestead will not continue any of Guilford Home Fashions manufacturing operations or distribution operations, which currently employ about 335 people at locations in Herkimer, N.Y., and New York City. However, Guilford Home Fashions will continue the operations for an unspecified time to ensure supplies to customers.Were pleased that we were able to reach an agreement with Homestead Fabrics, which will be an excellent steward of the brands and businesses weve developed over many years, said John A. Emrich, president and CEO, Guilford Mills Inc.In related news, Guilford Mills has agreed in principle to sell the business and certain assets of Twin Rivers Textile Printing and Finishing, Schenectady, N.Y., to H. GreenblattandCo. Inc., a print fabric converter with offices in Los Angeles and New York City. Greenblatt has been the exclusive converter for Twin Rivers library of patterns and screens since December. April 2002