USA: Delta Apparel Knits Fayette Textile Deal
Knit apparel maker Delta Apparel Inc has confirmed it is to buy textile plant Fayette Manufacturing Inc, located in Fayette, Alabama, for around $2.6 million. The sale has been provisionally approved by the United States Bankruptcy Court for the Northern District of Alabama. Delta today expects to take possession of Fayette Manufacturing - which has been in bankruptcy proceedings since 14 May 2001 - with the final purchase of the assets taking place in April 2002. Production should begin in late April and around 100 workers will initially be employed at the facility.
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