Fabric And Textile Company Apex Mills To Acquire Hanesbrands Inc. Facility In Virginia

RICHMOND, Va. — January 6, 2023 — Governor Glenn Youngkin today announced that Apex Mills, a specialty supplier and manufacturer of warp knit fabrics geared towards industrial and technical applications, will invest $3.1 million to expand its East Coast presence by acquiring the former HanesBrands facility and its equipment in Patrick County. The company will fulfill contracts for the Hanes basic apparel brand and maximize the full capacity of the facility. Virginia successfully competed with Pennsylvania for the project, which will retain 96 jobs and create 44 new jobs.

“We want made in America to mean made in Virginia and we are proud that this American-made textile company will expand its U.S. footprint by establishing an East Coast facility in Virginia,” said Governor Glenn Youngkin. “Specialty textile manufacturing has long been a core component of the economy in many regions across the Commonwealth, and we thank Apex Mills for keeping the HanesBrands facility in operation, retaining nearly 100 jobs and creating an additional 44 jobs for hardworking Virginians.”

“We look forward to Apex Mills building on the HanesBrands company legacy, supported by Patrick County’s skilled workforce that has a long and successful history in the textile industry,” said Secretary of Commerce and Trade Caren Merrick. “As U.S. manufacturing continues its resurgence, leading companies select Virginia for its strategic location, business-friendly environment, and robust talent, and we are thrilled to add Apex Mills to our roster.”

“The Apex Mills family of companies has been manufacturing Made in the USA textiles for 80 years, and as part of our dedication to support and grow the domestic textile industry we are continually seeking facilities and communities committed to this same goal,” said Jonathan Kurz, Apex Mills President and Chief Executive Officer. “When we became aware of the imminent closing of the HanesBrands Woolwine operation and learned more about the rich tradition of textile manufacturing in Patrick County we ultimately made the decision that this was where we wanted to locate our next fabric formation facility. The skilled workforce in the Woolwine, Stuart, and surrounding communities, as well as the support we have received from the county and the state, have made this opportunity one which we are proud to be a part of.”

“Patrick County is proud to be the place that Apex Mills has chosen to expand its business operations,” said Sean Adkins, Patrick County Director of Economic Development. “Our community has a long history of being home to many industries, especially textile companies, and the hardworking individuals that live and work for them in our resilient county. This announcement proves that a successful company sees Patrick County as a place it can expand into, while also incorporating revolutionary technologies run by our citizens. We’re grateful for the retained jobs, and also for the creation of 44 new, high-paying ones in the coming years.”

“Southside Virginia has always been recognized as a mecca for new companies to invest and prosper,” said Senator William M. Stanley. “The diverse skillsets and work commitment of our workforce remains key to the success of our existing employers and for new and expanding businesses throughout the region. We welcome Apex Mills to Patrick County and look forward to it becoming an integral part of our communities.”

“I am thrilled that Apex Mills is bringing new manufacturing jobs and millions in new investments to our district,” said Delegate Wren M. Williams. “This is a huge win for Patrick County. I will keep working to re-shore our industries and revitalize our home in Southwest Virginia.”

A U.S.-based company founded in 1943, Apex Mills expedites innovative solutions while responding to customers’ growing and newly arising opportunities. With performance-based solid knit, mesh/netting, and 3D spacer textile solutions, the company is a respected brand trusted by Fortune 500 companies and government agencies, such as NASA, to provide quality products that meet the needs of its customers. The company maintains high standards by delivering American-made, durable products.

The Virginia Economic Development Partnership worked with Patrick County to secure the project for Virginia. Governor Youngkin approved a $300,000 grant from the Commonwealth’s Opportunity Fund to assist Patrick County with the project. Apex Mills is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development, and funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.

Posted: January 10, 2023

Source: Virginia Office of the Governor

Plastics Industry Association (PLASTICS) Welcomes The 118th Congress

WASHINGTON, D.C. — January 10, 2023 — Plastics Industry Association (PLASTICS) President and CEO Matt Seaholm released the following statement in reference to the official commencement of the 118th Congress:

“The Plastics Industry Association congratulates the Speaker of the House, Kevin McCarthy, Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell and welcomes the 118th Congress to Washington. On behalf of the $468 billion dollar plastics industry and over one million workers nationwide, we are excited to collaborate with members from both parties to support policies that address the global environmental challenges we face.  PLASTICS looks forward to serving as a resource to provide the facts that will move the needle in advancing sustainability and recycling.”

Posted: January 10, 2023

Source: Plastics Industry Association (PLASTICS)

The LYCRA Co. Showcases Sustainable And Durable Fibers At Kingpins New York

WILMINGTON, Del. — January 10, 2023 — The LYCRA Co., a global developer of durable and sustainable fiber and technology solutions for the apparel industry, today announced it is exhibiting innovations for denim and performance non-denim wovens at Kingpins New York, booth 8 in the yellow area. The invitation-only trade show takes place January 11-12 at Pier 36/Basketball City.

The LYCRA Co. is launching LYCRA® lastingFIT 2.0 technology at Kingpins, the latest innovation in its LYCRA XTRA LIFE™ brand portfolio. This technology delivers elevated functionality in a sustainable fiber made from recycled fibers. Benefits include a range of stretch levels, long-lasting recovery, a soft hand, and an authentic denim look.

“Consumers are concerned about reducing their environmental footprint and are increasingly investing in higher quality, more durable garments,” said Ebru Ozaydin, The LYCRA Co.’s strategic marketing director, denim and ready-to-wear. “Longer-lasting fibers can contribute to extended garment wear life so we are pleased to showcase fabrics and samples featuring LYCRA lastingFIT 2.0 technology that provide durability and sustainable benefits which are so valued in today’s marketplace.”

The LYCRA Co. is also responding to another important consumer need with LYCRA ADAPTIV fiber, a patent- pending polymer that offers consumers a liberating wearing experience with its soft and easy stretch that adapts to meet the wearer’s functional needs, whether at rest or in motion. Jeans and woven pants made with this spandex fiber offer a wider fit window to accommodate different genders and body shapes and enable inclusive sizing.

“Digital fashion has inspired our storytelling about LYCRA ADAPTIV fiber for wovens in our booth,” Ozaydin said. “Computer-generated imagery and physical garments are brought together to demonstrate how revolutionary LYCRA ADAPTIV fiber is for denim. We’re showing brands and retailers how virtual assets can help them connect with consumers — especially tech-savvy Gen Z — while also informing them about the key fiber benefits to drive sales.”

On display at the show include mill collaborations with Naveena Denim and Sapphire Finishing that feature LYCRA lastingFIT 2.0 technology. New Resolutions, The LYCRA Co.’s collaborative collection with Naveena Denim, explores new solutions to design future-fit sustainable denim. The company’s collaboration with Sapphire Finishing Mills Limited, Crossroads, is inspired by the great outdoors and future utility trends. This collaboration includes LYCRA EcoMade fiber, and focuses on timeless designs that offer performance, versatility, longevity, and thermal comfort.

Posted: January 10, 2023

Source: The LYCRA Co.

Doubled Production Speed At VETEX With New BRÜCKNER Line

Stefanie Ritterbach (left), CEO VETEX; her father Ulrich Dresing, CEO VETEX; and Markus Leffler (center), BRÜCKNER sales.

LEONBERG, Germany— January 10, 2023 — In Herzebrock-Clarholz in East Westphalia, Germany, VETEX, a hidden champion, produces tufted and woven carpets as well as carpet tiles under the brand “Infloor Girloon”. Everything that the East-West-phalians sell to their customers, such as SAP, Daimler, Ford, Porsche, hotels or cinema chains like Cinemaxx and Cinestar, is produced in-house.

In addition to weaving and tufting, the fully integrated production chain also includes coating, continuous dyeing, printing and finishing. All products are tested and certified according to the criteria of the German certificates Blue Angel and TÜV Premium. Customers particularly appreciate the fact that special designs can be produced in digital printing from as little as 100 square meters.

In addition, VETEX has the world’s only tufting line for 1/20” fine velour. Carpet tiles and modules in sizes (50 x 50, or 25 x 100 cm), which are unique in the world in that they are self-adhesive and can be laid again at any time, are bitumen and PVC-free. With the help of a special punching or cutting technique, a perfect seam is achieved.

Contrary to the general trend in the area of floor coverings — away from carpeting — the demand for the high-quality products from VETEX is so great that the management has set itself the goal of doubling production output in the area of coating tufted carpets in 2021. The bottleneck here was an existing 10 compartment tenter, which was installed in the coating line on two floors and fitted exactly into the hall. The capacity of the line to the required production quantity was no longer sufficient.

BRÜCKNER’s experts took measurements and other space restrictions and discussed different concepts to increase the production capacity with VETEX. After analyzing the key data, they were confident to reach the target of double the production capacity with a new dryer with only one dryer compartment more than before. This was confirmed by tests in Brückner’s modern technology center in Leonberg, where these assumptions were fully confirmed.

The new Brückner stenter with integrated DUO-THERM dryer works with a horizontal pin chain and direct gas heating. The exact and separately adjustable temperature for upper and lower air with a possible difference of up to 60°C is perfectly suitable for carpet coatings. Venturi mixing nozzles for mixing the extremely hot burner gases with the circulating process air as well as the alternating arrangement of the thermal zones every 3 m ensure optimum temperature distribution and thus maximum drying performance with low energy consumption.

The on-time production and installation of the dryer was significantly complicated by the interruption of the supply chains due to Corona and the accident of a vessel in the Suez Canal. The schedule was tight enough as it was. Within half a year, the dryer including control cabinets and control system had to be produced, the existing dryer had to be dismantled, and the tenter had to be installed and commissioned. In addition, the existing heat-recovery system was to be connected to the new DUO-THERM dryer.

In spite of these many challenges, delivery, installation and commissioning could be carried out in time and after the start-up phase and process optimization, the given target was reached: the new Brückner DUO-THERM allows with only one compartment more than before a doubling of the production speed compared to the old 10 compartment tenter. In short: “bottleneck eliminated”.

VETEX continues to look confidently ahead. Also the next project in the field of cutting the carpet tiles has already been realized. Thus, another necessary step has been taken to increase efficiency and quality at VETEX. Throughout the company, from the top management to each of the more than 100 employees, the passion for textile floor coverings is perceptible. In this way, an innovative and entrepreneurial team, with the participation of the right suppliers, can continue to write success stories in Germany.

Posted: January 10, 2023

Source: Brückner Textile Technologies GmbH & Co. KG

Heimtextil 2023 Kicks Off The Trade Fair Year Approximately 2400 Exhibitors And Participants From Over 120 Countries

FRANKFURT AM MAIN, Germany— January 10, 2023 — Heimtextil kicks off with a panel talk on sustainability transformation: How do manufacturers in the home and contract textiles industry have to rethink their supply chains in view of legally prescribed reporting standards? How can transparency become a competitive advantage? And how is sustainability considered right at the beginning of product designs? Diverse approaches and ideas for sustainability transformation were the focus of the opening press conference on the first day of Heimtextil 2023.

As one of the most globally interconnected industries, future EU-wide supply chain legislations will pose challenges to the home textiles industry while enabling market opportunities. With 2400 exhibitors, an exhibitor internationality level of 94 percent and participants from more than 120 countries, Heimtextil 2023 is the global stage where textile sustainability is holistically mapped — with products and innovations that show that scalable and sustainable innovations are not a contradiction in terms. “Over the next four days, Heimtextil is the place where supply chains are rethought, circular approaches are experienced and green innovations are condensed. This shows: Trade shows are a business model with impact. For global partnerships and for the environment,” said Detlef Braun, member of the Executive Board of Messe Frankfurt, in his opening speech.

Panelists Caroline Till, director and co-founder FranklinTill Studio, Prof. Dr. Anabel Ternès von Hattburg, futurologist and executive director of the International Institute for Sustainability Management, and Olaf Schmidt, vice president, Textiles & Textile Technologies of Messe Frankfurt, discussed the transformation towards sustainability from several perspectives under the moderation of Alexandra Bohn, Style Content director of Frankfurter Allgemeine Zeitung Quarterly.

Heimtextil 2023: Experiencing sustainability holistically

Materials, supply chains, social responsibility: the panel talk highlighted how sustainability can be experienced holistically as a cross-cutting theme at Heimtextil.

Are entire collections produced in an environmentally compatible way? Do sustainability strategies include social responsibility? The one-hour Green Tours provide answers to these questions and enable an intensive exchange between visitors and exhibitors — led by independent sustainability expert Bernd Müller on behalf of Consulting Service International Ltd. The exchange with certifiers in the Green Village also enables buyers to think about sustainability in all its aspects. Textile certificates guarantee not only origin and quality level, but also proof that a product meets social and ecological standards. From 2023, the Green Village will also include companies that act in a holistically sustainable manner.

Heimtextil exhibitors are also increasingly focusing on transformation strategies that take into account multiple Sustainable Development Goals. These include innovative sustainable product designs — from fibers made of PET to linen in combination with other natural fibers such as hemp to bed linen made of cotton coated with cork. Photovoltaic systems to cover electricity needs from renewable sources are also examples — or filter systems that recycle wastewater generated by textile finishing.

“Long-term collaboration with trusted suppliers are important sparring partners on the path to transformation. Sustainability can only be achieved through close cooperation. That is why, together with the United Nations Office for Partnerships and the Conscious Fashion and Lifestyle Network, we are placing the Sustainable Development Goals at the center of our global textile trade shows. And our Texpertise Network provides targeted impetus and, as a global network, promotes new partnerships,” Schmidt said.

Design process as the cornerstone for circular economy

Heimtextil Trends 2023 “Textiles Matter” by FranklinTill brings four ways of circular economy to life and gives the market impulses for sustainable development. In the panel talk, Caroline Till, member of the Heimtextil Trend Council, showed how the foundation for circular economy is laid during product development. This, she said, requires conscious decisions at the beginning of the design process and looking at waste as a resource. She also stressed the importance of collaborations between experts and keeping an open ear for different disciplines – from young designers to material engineers.

“Understanding the whole textile life cycle. Thinking about the next life at the beginning of the design process. Moving to a circular economy: Understanding where materials come from, how they are processed, and where they end up has a huge impact on the environment. Through Textiles Matter, buyers and manufacturers understand circular economy and find their own way to circularity,” said Till.

Sustainability transformation through whole-system thinking

How to initiate transformation within companies? How to engage employees and what role do new competencies play in this process? In the panel talk, Prof. Dr. Anabel Ternès von Hattburg highlighted the relevance of overall systemic thinking, digital sovereignty and the acquisition of future skills. The futurologist illustrated the role self-efficacy and bottom-up approaches play in engaging employees.

“It’s time to change not just narratives, but mindsets. Through whole-systems thinking, acting from the perspective of a world fit for grandchildren, and acquiring future skills. This requires new evaluation criteria and, above all, a new leadership that starts with everyone themselves,” said Ternès von Hattburg.

Highlights of Heimtextil 2023 at a glance

Heimtextil 2023 once again takes off with international strength, covering the entire range of home and contract textiles: from coupon business to retail volumes to high-volume orders.

Buyers — including retailers and wholesalers, furnishing houses, interior decorators, designers, architects or hotel decision-makers — can find new business contacts, redefine supply chains together with suppliers and experience a bundled holistic market overview of textile trends over four days of the fair.

In 2023, the leading international trade fair for home and contract textiles is responding even more strongly to the growing demand in the field of fibers and yarns by offering a dedicated section for the first time — including new suppliers who are expanding the global range of upholstery and decorative fabrics as well as leather and imitation leather.

In addition, Heimtextil will once again cover a wide range of functional contract textiles, such as those that are water-repellent, flame-retardant, recyclable, antimicrobial or thermoregulating, with the “Interior.Architecture.Hospitality” program aimed at interior designers, architects, planners and furnishers.

For textile professionals hungry for knowledge, there will be numerous LECTURES, special presentations and guided tours. This includes a new edition of the Interior.Architecture.Hospitality LIBRARY: a curated selection of exhibitor products that feature special functional properties.

Expert talks, selected exhibitor products and exchanges with the industry combine the new Interior.Architecture.Hospitality TALKS & TOURS. In addition to sustainability, the focus will be on design topics.

Another highlight is the continuation of the Heimtextil Conference Sleep & More. Top-class speakers will talk about the prerequisites for good sleep, about sustainable solutions in the retail sector and discuss digital gadgets.

Due to the positive response to the Green Tours, the SLEEP tours on smart bedding innovations will be launched and led by sleep expert Markus Kamps of Schlafkampagne.

The Green Village — the platform for seal providers and certifiers — will be expanded from 2023 to include exhibitors who are fully committed to sustainability.

A special highlight will be this year’s Heimtextil Trends on a topic that could not be more topical: Under the motto “Textiles Matter,” visitors can experience decisive approaches to circular economy. The construction of the entire trend area is based on the Heimtextil Material Manifesto: only local, environmentally friendly or borrowed materials will be used for stand design.

The green offering at Heimtextil is mapped by the Green Directory, which identifies sustainable exhibitors and their certified products online and at the booth.

The one-hour Green Tours bring trade visitors together with selected exhibitors and enable exchange on sustainable developments — guided by an external expert. Independence sets the Green Tours apart and brings an important outside perspective.

The special denim show “Tones of Freedom” by the Frankfurt School of Clothing and Fashion presents a young collection by students of the School of Design. The creations deal with the diverse aspects of denim and jeans in a cultural context. Ten models in collaboration with Heimtextil exhibitors show visions of “body positivity” in the special presentation “Embrace new horizons”.

Posted: January 10, 2023

Source: The Messe Frankfurt Group

RUDOLF GmbH Strengthening Its Commitment To The Textile Market In Bangladesh With Investments In Production And Storage Capacity

DHAKA, Bangladesh — January 10, 2023 — RUDOLF GmbH is strengthening its commitment to the textile market in Bangladesh through important investments in production and storage capacity.

Since 1922, RUDOLF has driven the textile industry — and more recently construction and other industries — with the same innovative energy that is so necessary today to ensure continued progress and solve some of the current and future problems facing our civilization.

A true agent of positive change.

In 2023, at the turn of its first century of successful global operations, RUDOLF, a specialist in textile chemicals, will start construction of a new production facility in Bangladesh.

The new plant is a logical and necessary step to strengthen the company’s competitive position on both local and global level.

“The goal is to build an advanced factory with lean management concepts, technologies and supporting laboratories, with a focus on customer service and workplace quality,” said Soumitra Ganguly, managing director of RUDOLF Bangladesh Ltd. “The new factory will be part of RUDOLF’s global services as a secure and transparent fulfillment partner for brands/retailers and their supply chain partners.”

“With unique innovations in textiles, RUDOLF has always been considered a forerunner in the industry. Pioneering spirit and tradition combined with forward-looking technologies and highly specialized employees continue to define the company’s actions today,” said Dr. Oliver Kusterle, managing director of RUDOLF and chairman of RUDOLF Bangladesh Ltd. “The substantial investment made by RUDOLF is a strong sign of industrial commitment to Bangladesh, which is one of the largest contributors to the global textile market.”

Posted: January 10, 2023

Source: RUDOLF GmbH

Gunnar Meyer Appointed New Managing Director Of A. Monforts Textilmaschinen Gmbh & Co. KG

Gunnar Meyer

MÖNCHENGLADBACH, Germany — January 10, 2023 — Gunnar Meyer has been assigned the new managing director of A. Monforts Textilmaschinen GmbH & Co. KG in Mönchengladbach, Germany, as of January 1, 2023.

Meyer started his career with Monforts and has spent his whole working life in the textile machinery industry. Between 1985 and 2010 he was a key part of the Monforts team in various roles related to sales and commercial issues, including as general sales director. He returned to the company in 2019 after working for other well-known German textile machine manufacturers in the field of nonwovens and is now looking forward to meeting the worldwide Monforts network of customers and suppliers at the forthcoming ITMA 2023 exhibition in Milan.

“ITMA serves as an excellent platform for networking and meetings with key players again, after a long time,” he said. “Keeping good relationships with customers is essential, because what they buy from us is an investment in their future and they need to trust in our continued support. Working in other parts of the textile industry, I have gained a lot of experience in the management of complex technical textile projects and my special focus will certainly be on challenges like the current energy crisis, alternative heating systems and sustainable textile finishing.” A. Monforts Textilmaschinen GmbH & Co. KG was founded in 1884 and today is a leading supplier of textile dyeing and finishing machines as well as coating devices. The company is a market leader for tenters, continuous dyeing ranges, sanforizing ranges and special executions for denim and for the coating of technical textiles and other special applications. The company is headquartered in Mönchengladbach, Germany.

At its Advanced Technology Center (ATC) customers can undertake fabric trials on the latest Monforts equipment under real production conditions. For over 40 years, the company`s production site has been in St. Stefan, Austria. Monforts is a member of CHTC Fong’s Group

Posted: January 10, 2023

Source: A. Monforts Textilmaschinen GmbH & Co. KG

Capstone Green Energy Receives New Orders From German Distributor E-Quad For A Textile Finishing Company And An Offshore Gas Platform

LOS ANGELES — January 9, 2023 — Capstone Green Energy Corp., announced that E-quad Power Systems GmbH, Capstone’s long-time distributor for Belgium, Denmark, Germany, and the Netherlands, has secured two new orders. The first is an order for a C200S microturbine-based combined heat and power (CHP) system for a leading textile finishing company. The second order is for four 65kW high-pressure natural gas (HPNG), dual mode (DM), high humidity offshore systems for an offshore gas production company with assets in the North Sea that is a loyal Capstone customer.

The C200S microturbine-based CHP system is for textile finishing company Gerhard van Clewe GmbH & Co.KG, based in Hamminkeln, Germany. The system is expected to be commissioned in May 2023 and will be fueled by high-pressure natural gas. The C200S will provide up to 200kW of electricity to the plant, while the exhaust produced by the microturbine will be captured for use in the material drying process as well as the production of warm water for the facility.

The company first considered microturbine technology due to rising electricity costs compared to the low cost of natural gas. As a company with a sustainability mission, they also valued the high efficiency and emissions reduction that a CHP system delivers.

“Between the cost savings and environmental benefits, we are especially excited to be a development partner in this first-of-its-kind application,” said Ansgar van Clewe, principle at Gerhard van Clewe. “Given the technology’s ready availability and Capstone’s good reputation in the space, we felt comfortable working with their distributor E-quad Power Systems.”

The four C65 offshore systems will be deployed with an existing Capstone offshore gas exploration customer who is an advocate for sustainable energy sources. They strongly believe that until there are sufficient sustainable alternatives available, the use of natural gas is an effective method to reduce CO2 output immediately. Natural gas can therefore provide an optimal contribution towards providing climate neutral energy.

“The Capstone Green Energy microturbine-based CHP systems have proven time and again to be tremendously beneficial across the manufacturing space, providing reliable, highly efficient power, but also fulfilling facility heating, drying and cooling needs, which has the added benefit of lowering facility emissions,” said Darren Jamison, CEO of Capstone Green Energy.

“Capstone’s green energy solutions align perfectly with the needs of the oil and gas industry and are currently used in all phases of production, including upstream, midstream, and downstream operations in both onshore and offshore applications. Capstone’s technology provides the low operational cost, high availability, and high-reliability global energy producers need, particularly in a world where energy prices are not likely to be dropping any time soon,” Jamison concluded.

Posted: January 9, 2023

Source: Capstone Green Energy

Blue Point-Backed Next Level Apparel Fashions International Expansion With Stedman Acquisition

CLEVELAND — January 9, 2023 — Blue Point Capital Partners and its portfolio company Next Level Apparel (NLA) are pleased to announce the acquisition of Germany-based Stedman GmbH, a designer, manufacturer and supplier of premium casual and sportswear blank apparel for the printwear industry.

Since 1953, Stedman® has stood for top quality and ethically produced clothing across men’s, women’s and youth apparel — all of which are complementary with NLA’s product collections and reputation for superior quality, fit and style. With a distribution center in Ghent, Belgium — and a market presence in over 40 countries — Stedman’s international foundation will serve as a critical accelerant to NLA’s strategic geographic expansion in Europe.

“The team at Stedman is excited to join ranks with Next Level Apparel, a strong partner and the perfect match, thanks to numerous synergistic qualities and values across both companies,” said Stedman General Manager Marcel Schweigert. “This partnership opens up new growth opportunities for everyone involved, and I am personally thrilled to be part of it, not only as a stakeholder but also as a shareholder.”

Founded in 2003, NLA is a leading designer, manufacturer and supplier of premium blank apparel for the printwear, retail, brand specialty and other decorated apparel markets.

“The Stedman team has built a strong brand and a culture of excellence, and we’re excited to have them join Next Level Apparel,” said NLA CEO Randy Hales. “This partnership presents a great opportunity to expand and diversify both organizations’ footprints across Europe and the U.S.”

Blue Point Principal Evan Cottington said, “Not only is this an exciting milestone for all involved, it also further validates our belief in M&A and geographic expansion as key drivers for the business’s strategic growth.”

Jones Day served as Blue Point’s legal advisor for the transaction.

Posted: January 9, 2023

Source: Blue Point Capital Partners

Fruit Of The Loom Announces Sock Partnership With Lamour

BOWLING GREEN, Ky. — January 9, 2023 — Fruit of the Loom Inc. is pleased to announce a new partnership and licensing agreement with Lamour Inc., to manufacture and sell Fruit of the Loom® branded socks for the family.

“This strategic partnership will support our continued growth aspirations within the sock category,” said Melissa Burgess Taylor, Fruit of the Loom Inc. chairman and CEO. “A proven leader in the hosiery category, Lamour will offer innovative products that deliver the comfort, quality, and styling for which the Fruit of the Loom® brand is known and trusted.”

“The Lamour Family is honored to be entrusted to continue the legacy of the iconic Fruit of the Loom brand. Through a strong partnership with Fruit of the Loom and our retail partners, we will deliver exceptional quality and innovation for many years to come,” said Marty Lieberman, president, Lamour Inc.

Posted: January 9, 2023

Source: Fruit of the Loom, Inc.

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