USA: Management Buyout saves Marubeni Denim
The firm's 278 employees have been retained and the plant, which can produce up to 24 million yards of denim fabric a year, is already running at full capacity. The CEO of the new company is Larry L Galbraith.
Swift Spinning Mills made its decision to exit the denim business at the end of last year, although Marubeni Denim continued to operate while a buyer was sought.
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