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

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

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

Silvia Venturini Fendi
Fendi s.r.l

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

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search