Thomaston issues a warning
June 15, 2001,
THOMASTON, GA — Thomaston Mills has sent out a 60-day warning to its 1,400 employees telling them if a buyer can't be found for the century-old textiles producer, the company will forever close its doors by mid-August, and likely sooner.
"I'm still hopeful we can find a buyer, and negotiations are in an advanced stage, but we just aren't there. And if a buyer can't be found, we will proceed with the orderly wind-down of operations," Bill Ott, president, told Home Textiles Today.
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