Blanket vets launch new company in venture with Pac-Fung
October 9, 2002,
Asheville, NC — Rising like a phoenix, a team of 30-year veterans of the blanket business — Tedd Smith, John Hill and Tom Gibbs — has formed Biltmore Blanket Co., a new full-service blanket resource marketing a wide range of product produced in China by Biltmore's majority owner, Pac-Fung International.
Staging a fast comeback after the earlier collapse of Beacon Blankets, the trio of blanket veterans has regrouped with fresh financing and a new international partner and will be showing off its debut line this week at the Hotel Avalon, 16 East 32 St., New York.
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