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Article: PILLOWTEX SELLS SURE FIT TO MANAGEMENT TEAM.(Brief Article)
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- March 30, 1998
CopyrightCOPYRIGHT 1998 MacFadden Communications Group LLC. 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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DALLAS--Pillowtex Corp. disclosed that it has completed the sale of certain assets of its Sure Fit operations to a group composed of members of the management team of Sure Fit and certain affiliates of JEBAS Capital LLC, a New York-based venture capital firm.
Sixteen key members of Sure Fit's management invested their own capital in the transaction, including Bertram Shlensky, president and chief executive. "Everyone is president of their job, which adds to the overall success of Sure Fit's team approach," he said.
Jeffrey Cordes, president and chief operating officer of Pillowtex added: "We are very pleased to sell ...