Springs augments sourcing with Ultima deal
April 5, 2002,
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.
The acquisition also erases Ultima from the home textiles picture as quilts had been one of the major aspects of the company.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...