Sliver knitter Monterey Mills, Janesville, Wis., has acquired sliver knitter Glenoit Fabrics (TT) Corp. Inc., Tarboro, N.C., from the management group that has owned the company since 2009. Monterey plans to invest in Glenoit's infrastructure, add employees and expand market share in the sliver-knitting segment.
Glenoit Fabrics was founded in Beloit, Wis., in the 1950s and as late as 1997 employed 1,100 workers in Tarboro. China-based Haixin Group Co. Ltd. acquired Glenoit in 2002 and operated the Tarboro facility until late 2005, when former Glenoit Fabrics Plant Manager Jerry Howard and his staff, doing business as Tarboro Textiles LLC, took over production at the plant under contract to Glenoit. In 2009, Tarboro Textiles acquired the business. Glenoit produces faux fur, fleece and a range of other pile fabrics. Plant equipment includes computerized jacquard knitting machines that enable a range of patterned fabrics.
Monterey Mills, founded in 1965 as a knitter of faux fur and pile, was acquired in 2005 by Roller Fabrics, which took the name as its own. Today, Monterey produces paint roller fabric and pile fabrics for various applications, claims an estimated 60-percent share of the market it serves, and ships its fabrics around the world.
