Champion Thread Co., a manufacturer and provider of industrial sewing threads, engineered yarns and other sewn products supplies based in Gastonia, North Carolina, has acquired Carolina Sales Thread Inc., a regional distributor of industrial sewing threads to the needle trades.
“This is a significant step in our strategic growth plan that will allow us to deliver greater value to all current and future customers,” said Champion Thread CEO and President Matt Poovey. “Adding Carolina Sales’ existing customer base strengthens CTC’s market position. Former Carolina Sales customers will significantly benefit from our responsive U.S.-based manufacturing, broad product range, and enhanced service capabilities. With this acquisition, CTC will be better positioned to continue its rapid pace of innovation and market share growth.”
Retiring Carolina Sales Owner David Hall added, “We are excited to have our long-time customers join forces with Champion Thread. Our shared commitment to customer service and the USA textile industry makes this a perfect fit. It will positively impact our customers and help ensure their continued success.”
Champion Thread Acquires Carolina Sales Thread. Read more news at BedTimesMagazine.com.
