Company ProfileNOVEMBER 14, 2007, WASHINGTON, NC—Caron International, a division of National Spinning Co., announces the acquisition of substantially all assets of New York-based Hampton Art, LLC, a leading supplier of rubber stamps to the arts and crafts market. Hampton Art products are currently sold at all of the leading national craft chains and independent rubber stamp, scrapbooking and craft stores. "This strategic acquisition reflects our long-term plan to grow National Spinning's Craft Division in conjunction with continued growth of the Yarn Division," notes Jim Chesnutt, President and CEO of National Spinning. “We will continue to look for opportunities such as those offered by a terrific company like Hampton Art, leveraging our strengths and broadening our reach in the highly diversified craft marketplace,” says Chesnutt. “Further, we welcome the excellence, professionalism and creativity of Hampton Art and key team members into the growing family of Caron product offerings to the crafting public.” Since 1921, National Spinning Co., parent company of Caron International, has set the standard for spun synthetic and wool yarns worldwide, providing leadership in quality, service, and innovation. National Spinning operates plants in Beulaville, Whiteville and Alamance County, North Carolina, offering a wide range of open-end, ring-spun and long-staple spun yarns in natural, colored fiber and packaged-dyed products. Plant Closings and Layoffs |