Thomaston issues a warning

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.

Ott said, "We have for all practical purposes already closed the Peerless facility, our greige mill." In the meantime, he added, "we are still shipping our customers and working to get the goods to them."

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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HTT Current issue for September 2017

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!