Burke Mills moves toward liquidation
September 3, 2008,
Valdese, N.C. – Specialty yarn manufacturer Burke Mills will lay off “all but a skeleton administrative staff” on Nov. 1, the company said.
Burke Mills was founded in 1948 as a yarn dyehouse here. Last year it reported a net loss of $1.9 million on sales of $19.6 million, the latest in a series of annual losses. Through the first six months of 2008 the company reported a net loss of $630,429 on sales of $8.3 million
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