A&E to purchase Charles Craft Performance Yarns



Elevate Textiles, a provider of advanced, high quality products and mission critical textile solutions, has announced that its American & Efird (A&E) division is set to purchase the high performance yarn business of Charles Craft. Charles Craft is a manufacturer of high-performance flame resistant/cut resistant industrial yarns and other specialty products.

The purchase is expected to close in early October. The combination of these legacy brands brings together leading technical yarn expertise and expands A&E’s product offering related to thermal protection, cut resistant and flame retardant yarns. The purchase includes the assets of the Charles Craft manufacturing operation in Hamer, SC, which will operate as part of the A&E US manufacturing platform, according to a media statement by Elevate Textiles.

“We are very excited to welcome the Charles Craft high performance yarn line-up into the A&E and Elevate family of brands. Charles Craft is a respected brand in the industry known for its high-end industrial yarns and quality service to the safety apparel markets. Bringing together these two longstanding brands benefits both and allows us to support our combined customer base with an expanded product offering and enhanced technical expertise, all with the same reliable service they expect,” Mark Hatton, managing director at A&E said.

“Charles Craft is excited to have its performance yarn business become part of Elevate Textiles and join with some of the industry’s most iconic brands. More than 53 years ago my father, Charles Buie, acted on his life-long dream to create a small business, which grew into a leading industry brand. Becoming part of the larger A&E brand provides new life and longevity to our well-known technical yarns, while offering new opportunities for our employees and customers. We are committed to a very smooth transition for our customers and look forward to greater collaboration and synergies ahead,” Frank Buie, vice president of sales for Charles Craft, who will join A&E as part of the sales management team said.

Fibre2Fashion News Desk (GK)





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *