Victor Woolen Products Ltd., New
York, has announced that it has purchased the core assets of Forstmann & Co. Inc. including two
manufacturing facilities and equipment in Dublin, Ga., and the company’s accounts receivable,
inventory, trademarks and other related assets.
Terms of the sale were not disclosed. The new company, Victor Forstmann Inc., will operate
as a wholly owned subsidiary of Victor Woolen Products.
“The tools are in place for us to carry our business forward and to be a force in this
market for a long time,” said Neal Grover, president, Forstmann.