Meridian which has had operations in Valdese since 1994, has stayed put even as other American companies in the same sector have closed operations or moved overseas over the past eight years.
According to Meridian President Tim Manson, the expansion is a vote for a vibrant US production economy.
“We believe a strong manufacturing base is crucial to the US economy and we will do all that we can to support our customers, our employees and the communities in which we operate,” Manson said. “We are excited about the opportunity this new investment represents for us from a business perspective, and also for the town and for our employees.”
Meridian manufactures and dyes yarn for many industries including home furnishings and upholstery, hosiery, apparel, narrow fabrics, carpets and rugs, sewing thread, craft and industrial textiles.
At the company’s wet processing plant in Valdese, Meridian offers a wide range of yarn dyeing products, including package dyed yarn, three processes of space dyed yarn, top dyed wool, yarn printing and twisting. Today, products made by Meridian Specialty Yarn Group are found in retail and craft stores across the country, and also in carpets, furniture, window treatments, automobiles, tires, socks and more. (SH)
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