Home / Knowledge / News / Textiles / Monterey acquires Glenoit Knitting Mill
Monterey acquires Glenoit Knitting Mill
25
Oct '13
Glenoit Fabrics was acquired by long time competitor Monterey Mills, guaranteeing Glenoit’s future as a growing part of North Carolina’s textile dominance.

Monterey Mills, an American textile leader with deep roots in Wisconsin, plans to invest in Glenoit’s workers and infrastructure to gain a greater share of the growing sliver knitting industry. Currently, Monterey Mills has an estimated 60% market share.

"The acquisition of Glenoit gives Monterey an important presence in the heart of America's textile industry," says Dan Sinykin, President of Monterey Mills. “Although Glenoit is a mere shell of its past going from 1,100 people in 1997 to less than fifty in the factory, my vision is to turn that trend around, add jobs in Tarboro and leverage the Made in America brand.”

Sinykin believes one way to compete with the growing overseas manufacturers is to share knowledge and trade secrets. Years ago, dozens of sliver knitting mills existed in the U.S.; today, only four remain. Sinykin believes American manufacturers must change in order to keep up with the growing global markets and increased competition abroad.

“We ship our fabric all over the world so we are confident we can compete and win against any sliver knitting mill anywhere,” said Sinykin. “We must invest in innovation and R&D to prove to our customers that our workers make the best products and are committed to helping them build their businesses.”

Sinykin plans to make sliver knitting a larger part of Glenoit’s future. Sliver knitting is fabric with a wide range of uses, from paint rollers, to apparel applications such as faux fur coats or fleece for outerwear jackets. It is also used in saddle pads, pet bed material, decubitus hospital pads, fabric for mascots and stuffed animals to name a few. Sinykin is also confident the Glenoit factory workers are eager to help make the operation a success.

About Monterey Mills:

Sliver knitting, was invented in Wisconsin in the Forties. It was invented by either Edward Borg of Borg Textiles, in Jefferson, Wisconsin or Joseph Rosenberg, of Argonaut Mills in Milwaukee. Glenoit Fabrics, started in Beloit, Wisconsin acquired Borg Textile in 1996. Argonaut Mills changed its name to Roller Fabrics in the 1970's as knit paint rollers became more popular and supplying fabric to paint roller manufacturers became a large percentage of their business.

Monterey


Must ReadView All

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Clash over monetary payment by UK at Brexit talks

Textiles | On 18th Oct 2017

Clash over monetary payment by UK at Brexit talks

The European Union (EU) and the United Kingdom (UK) are clashing over ...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 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
Sustainability?

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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

Yes No

Active Poll

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

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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

Yes No

Active Poll

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

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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

Active Poll

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

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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