Joan FabricCompany ProfileJoan Fabrics, founded in 1932, manufactured woven jacquard and velour fabrics. The companied had manufacturing facilities in North Carolina and an affiliate entity in Mexico. The company also operated under the name Mastercraft Fabrics. At one time it was the largest manufacturer of upholstery fabric in the U.S.HistoryJuly 24, 2007, Joan Fabrics Corporation, a Tyngsboro, Mass.-based producer of high quality specialty textiles, announced the sale of its assets, including product lines Circa 1801, Guild 360 and Texel. Valdese Weavers LLC of North Carolina, one of the largest producers of jacquard upholstery fabrics in the United States, purchased the company’s Circa 1801 and Guild 360 product lines. Texel, based in Mexico, was acquired by Elkin McCallum, chairman of Joan Fabrics. Non operating machinery and equipment were sold to Gordon Brothers Group LLC of Boston. Fred Godley of North Carolina acquired Joan Fabrics’ non operating plants and warehouses in North Carolina. Joan Fabrics filed for Chapter 11 bankruptcy protection in April 2006. In 2002 Joan Fabrics signed a purchase and sale agreement to acquire Industrias Texel S.A. de C.V. in Tlaxcala, Mexico. The Mexican woven jacquard fabric mill produced fabrics for the decorative markets in Mexico. In 2001 Collins & Aikman Corp. signed a letter of intent to acquire the automotive fabric operations of Joan Fabrics and all of the operating assets of Joan's affiliated yarn dying operation, Western Avenue Dyers Plant Closings and LayoffsSee our detailed history of plant closings and layoffs at Joan Fabrics. |