Dan River hopes to sell last remaining U.S. plant
GDA Staff -- Gifts & Dec, July 7, 2006
Danville, Va. – Dan River is in talks to sell its last remaining production facility in the United States, a sheet and pillow case finishing and fabrication plant in Brookneal, Va.
Two weeks ago, the company announced that should it fail to find a buyer, the plant will begin shutdown procedures Aug. 22. The process would be completed by mid-September, according to Calvin Barnhardt, vp, human resources.
The news was not unexpected. Dan River was acquired by India-based Gujarat Heavy Chemicals Ltd. (GHCL) in January 2006, and the new owner has made it clear that manufacturing would move off-shore. Some 400 jobs, primarily in product development, sales and marketing, distribution and administrative/support, will remain in the United States, Barnhardt said.
"As far as our customer, the retailer, is concerned, they will still be dealing with the same people," he added.
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