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Article: Springs: the new colossus.(Spring Industries Inc.)
- Article from:
- Home Textiles Today
- Article date:
- September 19, 2003
CopyrightCOPYRIGHT 2003 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It may be flying underneath the radar as a private company these days, a status it clearly enjoys. But after bulking up its business through a handful of strategic acquisitions and rapidly adding in excess of $200 million in sales following the collapse of rival Pillowtex in late summer, Springs Industries Inc. has emerged as the industry's new Gulliver, a figure towering above the rival mills and a handful of lesser players.
As if to prove the proverb about the tortoise and the hare, Springs may not have run the fastest race or displayed the flashiest style, but its steady-eddy performance and its deeply ingrained fiscal prudence have enabled the major mill to ...
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