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A & E Acquires Synthetic Assets

American & Efird Inc. (A & E), a Mount Holly, N.C.-based sewing thread manufacturer serving industrial and consumer markets, has purchased certain assets of the thread and specialty yarn business of Bethlehem, Pa.-based Synthetic Thread Co. Inc. The assets include Synthetics customer base and intellectual property, as well as certain machinery and equipment. A & E plans to expand Synthetics industrial and specialty engineered yarn product lines including custom-designed yarns for binding, braiding, ripcords, markers and other wire and cable applications and integrate them with its own product offerings, according to Craig Stover, CFO, A & E.

September 2004