Precision Textiles is now offering domestic FR knitting to service customers more efficiently from its Troy, North Carolina, manufacturing and warehousing hub. The company also announced the sale of its SlumberShield division to MPL Enterprises.
“When we opened Troy in 2021, it was with the vision of bringing a full production and distribution center closer to our home furnishings customers, as this region is still the hub for the industry,” said Scott Tesser, chief executive officer of the Totowa, New Jersey-based company. “Adding FR knitting domestically is another piece of this strategy because it means shortened lead times and the ability to pivot quickly for our customers.”
The Troy plant employs about 200 people, many of whom were hired when the plant was acquired from an automotive textile manufacturer. The knitting facility produces the company’s Glass Free FR Knit Solutions, primarily for use in bedding manufacturing.
In addition, Precision Textiles has sold its SlumberShield division to MPL Enterprises, a corporation formed by Mario Longo, a long-time executive in the business. The transaction closed last week. Terms were not released.
“Precision Textiles’ strength has always been our focus on being the most innovative and effective OEM supplier in the industries we serve,” Tesser said. “SlumberShield was always a little different because it was ultimately a consumer brand. After more than a decade in the business, we concluded that it was not strategic to Precision and that its management team could better serve its customers as a separate business.”
SlumberShield produces top-of-bed products including mattress protectors, bed sheets and pillows.
