Management Team Acquires National Textiles
Management Team Acquires National TextilesMembers of the management team of National Textiles LLC, Winston-Salem, N.C., have acquired a majority interest in the company from its financial investors. Jerry Rowland, president and CEO, and Keith Huskins, chief administrative officer, are leading the new ownership group.The companys roots go back nearly 45 years to when it was part of Hanes Corp.s manufacturing operations. In 1979, Hanes was acquired by Consolidated Foods, which was renamed Sara Lee Corp. in 1985. National Textiles gained its independence in 1997, when Sara Lee spun off most of its textile manufacturing operations. Rowland and Huskins have been with the company since it was part of Sara Lee and have held their current positions at National Textiles since its creation.