The circular fashion company Circ announced more than $30 million in Series B funding backed by some of the largest international apparel companies and venture capital firms. The investment will help to drive new progress for Circ as it fulfills its mission of protecting the planet from the cost of clothing. The round was led [...]

Ultrafabrics is proud to announce its most recent hire, North Carolina-based Jeff Smith, as head of residential, North America. With 25 years of experience in the textile industry that spans the residential, retail, outdoor and casual markets, Ultrafabrics looks forward to integrating his knowledge base into its global strategy. “I’m looking forward to continuing to [...]

SHL Healthcare AB has recently established a Textile Center of Excellence (TCX) in Borås, the textile capital of Sweden, to extend and streamline support for early project phases in close collaboration with customers. The state-of-the-art facility is strategically situated inside the heritage Textile Fashion Center and adjacent to a cluster of industry experts such as [...]

Glen Raven Inc. shared progress updates in a new report in follow-up to the company’s inaugural corporate sustainability report issued last year. The 2021 progress report contains detailed information and metrics about the company’s efforts toward goals in two foundational pillars: “Supporting Our People and Communities” and “Sustaining Our Planet.” Glen Raven is a provider [...]

Shawn and Doug Paul, new owners of Acadian Industrial Textiles, are two veterans with a vision for business growth.“On our first date 20 years ago, Doug suggested the idea of growing a business,” said Shawn Paul, President. “After serving in the military and spending 30 years combined working in global supply chain at GE, we [...]

Navis Capital Partners (“Navis”), has agreed to sell its stake in Torque Group International Fortune (“Texon”) to Coats Group plc (“Coats”), the thread manufacturer, for US$237m. Texon is a leading manufacturer of high performance, sustainable materials for footwear, accessories, and functional apparel.Rodney Muse, Managing Partner, Navis Capital, notes, “When we invested in Texon in 2016, [...]

Highlander Partners, L.P. ("Highlander"), a Dallas-based private investment firm, today announced the sale of its portfolio company QTI Fibers ("QTI" or "the Company") to Norwest Equity Partners ("NEP"). QTI is a US-based vertically integrated designer and manufacturer of a range of stylish, highly technical fibers and fabrics for high-end consumer and industrial applications. QTI, with [...]

Russell Mims, who spent his 41-year career in the textile industry, was awarded the highest award conferred by the Southern Textile Association (STA), the Steve Epps Lifetime Service Award. The Steve Epps Lifetime Service Award honors members who have been a member of association for 20 years or more, are retiring or have retired, served [...]