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Article: Glenoit Purchase.
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- October 12, 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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Glenoit Corp. reported the purchase of American Pacific Enterprises, Inc., a designer, producer and marketer of decorative textile home furnishings.
Thomas J. O'Gorman, president and chief executive of Glenoit, remarked, "This acquisition represents a further step in our strategy to increase our presence in the home furnishings industry through selected high quality acquisitions. American Pacific's product mix of specialty decorative bedding, handmade ...