Home / Knowledge / News / Textiles / National Spinning to sell Caron to Spinrite
National Spinning to sell Caron to Spinrite
Dec '11
National Spinning Co., Inc. announced the sale of celtain assets of Caron International to Spinrite LP. The sale includes yarns for hand knitting and crocheting, latch hook kits and the Ultimate Sweater Machine.

Commenting on the announcement, National Spinning President and Chief Executive Of1icer, James W. Chesnutt said, "The combination of two such exceptional product lines will ensure the future success of the Caron products our customers rely on for quality and value.

"The Simply Soft and One Pound brands are staple products in the hand-knitting and craft markets and will be outstanding additions to tile extensive line of Sprinrite's branded products."

"We are thrilled to have tile opportunity to continue the Caron tradition," said Ryan NewelL

President of Spinrite LP. "National Spinning has done a tremendous job of building one of the most recognized craft yam brands in North America."

The Hampton Art division of National Spinning Co., Inc. will continue to be owned and operated from its current location in Washington, NC and will employ approximately 40 associates. Hampton Art produces and sources a wide range of products used in scrap booking that are sold to major retailers throughout the world, including Wal-Mart, Joann Fabrics, Michaels, and AC Moore.

National Spinning Co. Inc. is also a leading synthetic and wool yarn manufacturer with f1ve facilities in North Carolina. National Spinning Co., Inc. was advised 01'1 this transaction hy the investment banking finn Brookwood Associates, LLC and the law firm Otterbourg, Steindler, Housten & Rosen, P.c.

National Spinning Co Inc

Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search