Glenoit knitting mill lives on
Cliff Annicelli -- Gifts & Dec, October 31, 2013
Tarboro, N.C. - Glenoit Fabrics has been acquired by Monterey Mills, which plans to invest in the plant to grow its share of the sliver knitting industry.
Terms of the transaction were not disclosed.
"The acquisition of Glenoit gives Monterey an important presence in the heart of America's textile industry," says Dan Sinykin, president of Monterey Mills, which is based in Wisconsin. "Although Glenoit is a mere shell of its past going from 1,100 people in 1997 to less than fifty in the factory today, my vision is to turn that trend around, add jobs in Tarboro and leverage the Made in America brand."
Sliver knitting produces fabric for a wide range of uses, including paint rollers, apparel applications such as faux fur coats or fleece outerwear jackets. It is also used in saddle pads, pet bed material, decubitus hospital pads, fabric for mascots and stuffed animals.
The plant is one of just four sliver knitting mills left in the U.S.
"We ship our fabric all over the world so we are confident we can compete and win against any sliver knitting mill anywhere," said Sinykin. "We must invest in innovation and R&D to prove to our customers that our workers make the best products and are committed to helping them build their businesses."
Sinykin plans to make sliver knitting a larger part of Glenoit's future.
"This factory is full of really smart people; many have been sliver knitting for over 30 years. Heck, one employee started at Glenoit before my parents were even married. He has been there 53 years. I love this tradition," said Sinykin.
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