Springs augments sourcing with Ultima deal
April 5, 2002-- Home Textiles Today,
Fort Mill, SC — Springs Industries has acquired a major aspect of Ultima Enterprises, the business which sources quilts and other related home textiles from Asia, in an effort to bolster its sourcing capabilities.
Although Ultima is formally based in New Jersey, according to Ted Matthews, vp, corporate communications for Springs, the factory and approximately 20 employees joining Springs are based in Shanghai, China.
Ultima develops and markets products made by a network of suppliers. Its employees are involved in all aspects of product merchandising, design, production management, quality control, export logistics and customer service.
The acquisition also erases Ultima from the home textiles picture as quilts had been one of the major aspects of the company.
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