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

Textile World Photo Galleries
November/December 2014 November/December 2014

View Issue  |

Subscribe Now  |

Events

Beltwide Cotton Conferences
01/05/2015 - 01/07/2015

SURFACES 2015 International Flooring Event
01/21/2015 - 01/23/2015
02/24/2014 - 02/24/2014

ExpoProducción
02/04/2015 - 02/06/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Meriturn Bids For Johnston Industries

Meriturn BidsFor Johnston IndustriesColumbus, Ga.-based Johnston Industries Inc. has signed a letter of intent from Meriturn Partners LLC, Raleigh, N.C., and San Francisco, to purchase a substantial portion of Johnstons assets. Earlier this year, Johnston and its subsidiaries filed for Chapter 11 protection under the US Bankruptcy Code.The bid covers Johnstons technical textiles, decorative fabrics and all other operations except fiber products. The company is seeking separate bids for that business.Meriturn intends to continue to operate and grow the company, according to Marvin A. Davis, chief restructuring officer, Johnston Industries. All current management and employees will be retained. November 2003




Advertisement