Sara Lee Purchases National Textiles
Sara Lee Branded Apparel has purchased National Textiles, a yarn and textile maker based in Winston-Salem.
National Textiles has 2,900 employees and operates NC plants in Gastonia, China Grove, Forest City, Sanford and Eden, as well as a distribution center in Advance.
Its other plants are in Georgia, Tennessee and Virginia.
Sara Lee Branded Apparel is in the process of spinning off from its parent firm, Sara Lee Corp of Chicago, and becoming an independent publicly traded firm.
Sara Lee also says it has recently acquired DFK Trading Corp, an Asian sourcing company.
As global trade dynamics continue to evolve, control of textile resources is a competitive advantage for large apparel companies,
Gerald Evans, Sara Lee Branded Apparel's chief supply chain officer, says in a written statement.
He added, These acquisitions are a good investment for Sara Lee Branded Apparel. We were principal customers of both companies, and bringing their capacity in-house will greatly increase our efficiency and speed-to-market in highly competitive apparel categories.
National Textiles supplies open-end and ring-spun cotton, plus blended yarns and finished tubular fabrics. Hong Kong-based DFK will source raw materials in the emerging Asian market.
Sara Lee purchases National Textiles — BharatTextile.com