ITG completes merger-acquisition of Safety Components

Greensboro, N.C. and Greenville, S.C. – Safety Components International (SCI) has merged into the Wilbur Ross conglomerate International Textile Group (ITG), and will continue to operate as a public company, and to do business as Safety Textiles International, the Safety Division of ITG.

Stephen Duerk, who served as president of SCI, will serve as president of the new business unit. Joseph Gorga remains ITG president and ceo.

Wilbur Ross, chairman of ITG, said of the previously announced acquisition, “We are very pleased to have completed this merger transaction. The combination of these two companies creates a powerful force in the global textile industry.”

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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... See details!