Haixin sells Glenoit
At the same time Tarboro Textiles was ramping up Glenoit, recent economic uncertainties, the costs of transportation and other financial pressures caused Haixin to rethink its strategies. It entered into negotiations with Tarboro to take total control of Glenoit's North America textile production. With backing from a local businessman, support from Concept III, Trienekens and the local community, Glenoit Fabrics TT Corporation did so on April 1, of this year.
“Innovation and service – the two most important elements in [Concept III's] business model are now back in place at Glenoit,” says Parkes. “We couldn't be happier to have the 'customer first' attitude return and to, once again, be able to help develop unique products with our customers that sell.”
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