US' Champion Thread Company acquires Carolina Sales Thread
Champion Thread Company (CTC), a leading manufacturer and provider of industrial sewing threads, engineered yarns and other sewn products supplies, announced its acquisition of Carolina Sales Thread, Inc., a popular regional distributor of industrial sewing threads to the needle trades.
A manufacturer and supplier of industrial sewing thread and engineered yarns, Champion Thread Company has acquired Southeastern regional thread distributor Carolina Sales Thread. The acquisition promises to provide Carolina Sales customers with enhanced service, product offerings, and business value while enabling CTC to accelerate innovation and growth.
Speaking on the acquisition, Champion Thread CEO and President Matt Poovey explained, 'This is a significant step in our strategic growth plan that will allow us to deliver greater value to all current and future customers. Adding Carolina Sales' existing customer base strengthens CTC's market position. Former Carolina Sales customers will significantly benefit from our responsive U.S.-based manufacturing, broad product range, and enhanced service capabilities. With this acquisition, CTC will be better positioned to continue its rapid pace of innovation and market share growth.'
Retiring Carolina Sales Owner David Hall added, 'We are excited to have our long-time customers join forces with Champion Thread. Our shared commitment to customer service and the USA textile industry makes this a perfect fit. It will positively impact our customers and help ensure their continued success.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (HU)
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