Sheftel Executive Team Takes Control

Michael, Larrie and Elliot Sheftel
have acquired the controlling shares of stock in Allentown, Pa.-based A. Sheftel & Sons Inc.
The team represents the third generation of Sheftel’s to operate the 90-year-old family business, a
global buyer and seller of textile waste products. Sheftel plans to maintain its production
facilities in Spartanburg.

August 2004