Milliken & Company to acquire Polartec from Versa Capital Management

June 14th, 2019

Milliken & Company, a global diversified manufacturer with more than a century and a half of textile expertise, announced that it signed a definitive agreement to acquire Polartec LLC, a global brand known for its innovative performance textiles for outdoor and military apparel, from Versa Capital Management LLC. The acquisition is expected to close in...

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Milliken & Company acquires Andover Healthcare

June 14th, 2019

Milliken & Company, a global innovation company with more than a century of performance and protective textile, specialty chemical and floor covering expertise, has acquired Andover Healthcare, a manufacturer of cohesive bandages and compression systems spanning health care, animal health and sports medicine markets. Joining Milliken Healthcare Products LLC, Milliken & Company’s dedicated health care...

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NCTO and AAFA opposing proposed tariffs on Mexico

June 5th, 2019

The National Council of Textile Organizations (NCTO) and American Apparel & Footwear Association (AAFA) sent a letter June 5 to U.S. President Donald J. Trump, opposing the proposed escalation in tariffs for all U.S. imports from Mexico. As the representatives of the apparel and textile supply chain, the organizations represent hundreds of thousands of American...

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Aquafil acquires O’Mara Incorporated

June 5th, 2019

Aquafil S.p.A. has acquired O’Mara Incorporated for a total consideration equal to USD 40.5 million. The deal was completed through the Group’s U.S. subsidiary, Aquafil USA Inc. O’Mara Incorporated, founded in 1970, produces nylon, polypropylene and polyester fibers mainly in solution-dyed colors in its plant based in Rutherford College, N.C. In 2018, O’Mara reported a...

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