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"The news comes just a year after their acquisition by private equity firm, Platinum Equity, in October of 2016."
Such a shame that business and profit is more important than quality products and history. Wonder what will happen to the place and all the looms. I bet there'd be heaps of companies / people interested in taking it on.
kboy
https://www.heddels.com/2017/10/cone-mills-close-white-oak-plant-last-american-selvedge-denim-mill/