McKinnon cashes out of Circa 1801
November 30, 2001-- Home Textiles Today,
Tyngsboro, MA — Elkin McCallum, chairman of Joan Fabrics, and Bob McKinnon have reached an agreement for McKinnon to sell his interest in Circa 1801.
McKinnon, a long-time decorative textiles executive, left Century Furniture and its parent CV Industries, where he was president and ceo in July 2000 to join Joan Fabrics as president and coo of Joan Fabrics.
In February of this year, McKinnon became an equity partner with McCallum in Circa 1801, a decorative wovens fabric company that McCallum acquired in February. McKinnon became president and ceo of both Circa 1801 and Doblin Fabrics, another Joan unit.
In a statement, McCallum said, "McKinnon will be available as needed to perform consulting services over an extended period of time. Bob's assistance in running the company came at a very important time. It allowed me to focus on many issues that were important to our long-term success. Bob has been a good friend for many years, and I continue to value our relationship."
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