Culp Teams With Synthetic Finishing
By Staff -- Home Textiles Today, 10/10/2005 12:00:00 AM
High Point, N.C. —
Culp, Inc. is strategically aligning with Synthetics Finishing, a division of TSG Incorporated, to provide finishing services to Culp for its domestically produced decorative upholstery fabrics.
Synthetics Finishing will collaborate with Culp on research and product development activities. As a result, Culp will close its finishing plant in Burlington, N.C., reducing the number of Culp associates by approximately 100. This transition is expected to be completed in January 2006.
The company expects total pre-tax charges of approximately $2.7 million, of which $2.1 million is expected to be non-cash items. The charges are expected to be recorded in the second and third quarters of fiscal 2006.
We would love your feedback!
-
Culp teams with Synthetic Finishing
Oct 4, 2005
Featured Company
-
Wright Labels
Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the... more
