Word: textron
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...said Royal Little, the mild, 50-year-old president of Textron Inc., whose unconventional production ideas have built a textile empire in less than three years. Last week Wildman Little did turn a trick. He paid $12 million to Benjamin Brown Gossett for his mills in Charlotte, N.C. and Anderson, S.C., thus adding twelve southern mills to Textron's 13 in New England, and more than doubling Textron's cotton and rayon capacity. But Little still has to perform his main trick-making Textron the most integrated and most profitable U.S. textile company...
...over a hundred years it has been customary for each textile mill to specialize in a single process only. One mill would spin, another weave, etc. But when Little established Textron's parent company (Special Yarns Corp.) on $10,000 capital in 1923, he had different ideas. He believed that in textile making all stages of manufacture, from yarn to consumer, should be under one management...