Word: burlington
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...BURLINGTON MILLS, which recently became the biggest U.S. textile maker by buying control of Goodall-Sanford for $7,600,000 (TIME, July 26), is turning back part of the company to the original owners. For an undisclosed sum, Burlington will sell Goodall's Palm Beach clothes subsidiary to a group headed by former Goodall President Elmer Ward...
...oldest in the U.S., is also one of the sickest. For many a company the depression started three years ago-and it has got steadily worse. As a result, a great wave of mergers is sweeping through the industry, bringing a realignment of some of the oldest textile mills. Burlington Mills spent $33 million to buy Pacific Mills and Goodall-Sanford (TIME, July 26). M. Lowenstein & Sons bought control of famed old Wamsutta Mills. Mergers are now pending between Botany Mills and Daroff & Sons, and between Textron Inc., American Woolen and Robbins Mills. The mergers are either to put money...
...Deering, Milliken & Co., Inc. has pioneered in combining synthetic and natural fibers and has found profitable new markets. Cone Mills has profitably boosted denim for men's suits, curtains, etc. For many other companies mergers are probably the answer. Although it was profitably producing synthetics. Burlington Mills bought up Goodall-Sanford and Pacific Mills to diversify its cotton-and wool-producing facilities, thus have a hedge against the ups and downs in both the synthetic and natural fiber markets. Despite their troubles, textilemen believe that long-range prospects are good, since per capita consumption of textiles...
...Vermont, the only state in the union without a TV station, set owners have had to depend on uncertain reception from Canada and nearby states. This week Vermont's TV drought ends when Burlington's station WMVT begins broadcasting from a transmitter atop 4,393-ft. Mt. Mansfield...
...BURLINGTON MILLS Corp.'s purchase of Pacific Mills and Goodall-Sanford, Inc. (TIME, July 26) will be investigated by the New York Stock Exchange on complaints from stockholders that they should have been notified individually of Burlington's plans. But chances are good that nothing will come of the probe, since both stocks are higher now than they were when the offers were made. Burlington will sell Goodall-Sanford's Palm Beach suit subsidiary, will probably eventually shift the work in Goodall's biggest mill, at Sanford, Me., to the South...