Home / Knowledge / News / Textiles / PCCA sells Textile & Apparel Division to AmTex
PCCA sells Textile & Apparel Division to AmTex
12
Jun '14
Plains Cotton Cooperative Association (PCCA), headquartered in Lubbock, Texas, announced the sale of its Textile and Apparel Division to American Textile Holdings, LLC, (AmTex). AmTex will assume control of all the operations of the American Cotton Growers (ACG) denim mill in Littlefield, Texas, and Denimatrix S.A. in Guatemala City, Guatemala, effective immediately. Terms of the transaction were not disclosed.
 
"We are very pleased that we have been able to conclude this transaction with AmTex," said PCCA President & CEO Wally Darneille. "They bring new capital, fresh ideas, and a broad customer list which will offer opportunities for the people employed at those facilities. We will collaborate with them through the provision of computer hardware and software, accounting, and other services, and we wish them great success."
 
AmTex will be a leading designer and manufacturer of both denim fabric and denim apparel products. The company will convert raw cotton into denim fabric at ACG and convert the fabric into finished jeans at Denimatrix. AmTex will employ more than 2,200 associates at the two facilities and will run one of the largest denim manufacturing operations in the Western Hemisphere.
 
"PCCA looks forward to refocusing our efforts on our core businesses of cotton marketing, warehousing and software services for our members and customers," Darneille said. PCCA is one of the largest originators of U.S. cotton to textile mills around the world.
 

PCCA

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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