Mount Vernon Signs Letter Of Intent With Western Textile

Mount Vernon Mills Inc., Greenville, S.C., and The Western Textile Companies recently announced
that they have signed a letter of intent for Mount Vernon to purchase the pocketing, interlinings,
custom manufacturing and related merchandising and marketing business of Western, including
Westerns operations in Columbus, Miss., which employees approximately 60 people.The combining of
the Western Textile Pocketing Business with Mount Vernons weaving and finishing capabilities is
good for the market, said Charles Van Dyke, president of Western. Both companies enjoy an excellent
reputation in the industry, both companies are good at what they do, and the timing is
right.Western will continue to focus on its other textile-related businesses in health care and
retail-ready manufacturing, along with its other business interests in manufacturing concrete
construction accessories.Roger W. Chastain, president of Mount Vernon added: This acquisition will
be a strong addition to our Brentex Division. Not only will we be better able to use the increased
capacity of our recent expansion in Cuero, Texas, but we also have more opportunities to offer our
apparel customers accessories like cut pockets and waist bands.”Western has been a respected
producer of cut pockets and interlinings and we hope to build on that reputation. We are also
looking forward to becoming an active member of the Columbus community.”

October 1999