More P'tex stuff on the block
March 10, 2004,
ROCK HILL, S.C. — The liquidation of former Pillowtex Corp. assets is continuing here today and tomorrow with the auction of computers and IT equipment from the Kannapolis, N.C. headquarters.
Between now and July, a dozen auctions are scheduled to dispose of non-textiles machinery, equipment and furniture from various locations around the country. Textiles machinery and equipment is being sold on a direct basis by Gibbs International, while real estate, plants and other facilities are being sold on a direct basis by Keen Consultants and SB Capital.
Still awaiting disposition are licensing arrangements for the Pillowtex brands that, at least until the October auction, were believed to carry the largest asset value. Those include Royal Velvet, Charisma, Fieldcrest and Cannon.
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