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Elevate Textiles history
Elevate Textiles company history timeline
1924: first plant is completed, employing 200.
1933: Employs 4,000 and produces 60 million yard of fabric.
1936: Operating 22 plants with sales of $25 million.
1937: Is listed on the New York Stock Exchange.
1955: Changes name to Burlington Industries.
1997: Thirty-five corporate staff employees in Greensboro are cut.
1998: Proceeds from the sale of three North Carolina plants are used to accelerate the expansion in Mexico.
2000: Loses $5.3 million in the first quarter of fiscal 2000.
Jan 2002: Nano-Tex introduces a new fabric.
Jan 2002: Announces plan to double salaries of some top managers.
Oct 2002: Douglas J. McGregor, president and chief operating officer, announces retirement.
Nov 11, 2003: Sale to Ross is completed for $614 million.
Nov 10, 2003: Starmount Co. purchases 34 acres where the headquarters stands and the 400,000 square-foot building.
March 4, 2004: Guilford County Commissioners vote to hold an April 1 public hearing on a $100,000 incentive deal.
March 8, 2004: Starmount Co. announces plans to demolish the landmark headquarters building and plans to create retail, residential and office community.
Aug 2, 2004: W.L. Ross & Co. announces the completion of the merger.
Dec 2008: ITG lays-off 150, citing economic conditions
The company makes automotive air bag fabric and cushions.Jul 2009: Wilbur Ross makes a proposal to invest $55 million in a new entity that would acquire the assets of Global Safety Textiles and its subsidiaries.
Jun 2011: The Cone Mills White Oak denim plant at 2420 Fairview St was back in service 2 days after a lightning strike set fire to part of the roof.
2013: ITG's Burlington and Cone Denim divisions joined the Nano-manufacturing Consortium.
2015: ITG- Burlington Industries won an $8.38 million federal contract from the United States Department of Justice's Bureau of Prisons in Manchester, Ky., to provide poly micro denier with sand washed finish.Aug.
2016:International Textile Group, Inc. was acquired by Platinum Equity, an investment group founded by billionaire Tom Gores for $99 million.ITG’s common stock has ceased to be publicly traded.
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Elevate Textiles competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Leggett & Platt | 1883 | $4.4B | 20,000 | 103 |
| Burt's Bees | 1984 | $270.0M | 450 | 1 |
| Nucor | 1940 | $30.7B | 26,001 | 493 |
| Kordsa, Inc. | 1950 | $16.0M | 50 | - |
| Universal Fibers | 1969 | $300.0M | 500 | - |
| The Home Depot | 1978 | $159.5B | 500,001 | 21,112 |
| American & Efird | 1891 | $750.0M | 5,000 | - |
| Solutia | 1997 | $2.1B | 3,400 | - |
| Chase Brass and Copper | 1876 | $1.8B | 200 | 92 |
| Kroger | 1883 | $147.1B | 465,000 | 7,776 |
Elevate Textiles history FAQs
Zippia gives an in-depth look into the details of Elevate Textiles, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Elevate Textiles. The employee data is based on information from people who have self-reported their past or current employments at Elevate Textiles. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Elevate Textiles. The data presented on this page does not represent the view of Elevate Textiles and its employees or that of Zippia.
Elevate Textiles may also be known as or be related to Elevate Textiles, Elevate Textiles, Inc., INTERNATIONAL TEXTILE GROUP INC, International Textile Group, International Textile Group Inc and International Textile Group, Inc.