AMTEC Reorganizes

AMTEC REORGANIZESThe American Textile Export Co. (AMTEC), which once handled export sales for 39 U.S. companies, reorganized effective Oct. 1 with four shareholders remaining. The new company AMTEC, LLC, is owned by Tuscarora Yarns, Jones Companies, Pharr Yarns and Washington Manufacturing.Peter Hegarty will continue as AMTEC president. Hegarty also assumes global marketing and sales responsibilities for Tuscarora Yarns. He will report to Bud W. Willis, Tuscaroras president and COO. Hegarty will maintain offices in Ranlo, N.C., and at Tuscaroras corporate headquarters in Mt. Pleasant, N.C.October 2001