Tietex expounds on Burlington buy
June 10, 2002,
Tietex has expanded its upholstery fabric horizons dramatically with the acquisition of the Burlington House upholstery business. (See June 3 issue of HTT.)
In addition, Tietex, which is already in the contract business — primarily in panel fabrics — will expand its product mix this week with the introduction of NatureWorks panel fabrics at Neocon in Chicago.
The Burlington acquisition, Wildeman explained "can bring us into seating."
Michael Durham, currently executive vp of Burlington House Upholstery, will become president of the new company, Wildeman said. "We are deep in discussions about the Burlington and Tietex businesses in terms of design staff, etc. We will combine them by yearend under Mike's direction," Wildeman added.
Wildeman said the company "will be immediately investing $3 million in the most modern equipment to support the growth of the new company."
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