ATC buys TFA
July 7, 2003,
New York — Associated Textile Converters (ATC), based here, and Textile Fabric Associates, Carlstadt, NJ, have reached an agreement for ATC to acquire a majority of TFA's assets, including its name, tradestyles and inventory.
ATC, the parent company of Swavelle/Mill Creek and Piermont Fabrics, intends to operate the acquisition as a standalone entity under the name Textile Fabric Associates LLC, according to Richard Hanfling, corporate vp, ATC.
The ownership of Ashford Court, a separate home fashions product supplier in bedding, decorative pillows and kids home fashions will remain status quo, Yuder stated. Yuder, his brother Andy, Day and Neil Zuber and Amy Bell are the principals of Ashford Court.
The closing of the transaction is expected on or before August 1, 2003.
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