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FAB Industries Inc history
FAB Industries Inc company history timeline
Late in 1968 Fab Industries became a public company by selling a minority of its shares of common stock at $13.50 per share.
The company’s shipments of warp fabrics reached 273.9 million pounds in 1970, of which tricot accounted for 87 percent and raschel and lace for the remainder.
Also in 1973, Fab added machinery in Lincolnton for heat-transfer printing on knit fabrics.
In 1974 Fab Industries introduced Supersuede, a suede-like knitted fabric made with a special blend of triacetate and nylon developed by Celanese.
Panavelle, introduced in 1976, was made from the same fabric.
The company first began issuing dividends in 1977, and thereupon did so on an annual basis.
Net income remained at a comfortable level, however, and reached a record $10.7 million in fiscal 1986.
Fab Industries had record net income of $10.9 million on net sales of $167.9 million in fiscal 1990.
In early 1994 Fab had cash in investments of about $62 million and virtually no long-term debt.
In 1997 Peter Schlieman of Babson Enterprise Fund noted that because of its cash reserves Fab could “go out and purchase fabric at the right time.
Fab’s Raval Lace Division was named “Lace Supplier of the Year” for 1997 by Sara Lee Intimates, Sara Lee subsidiaries representing about ten percent of Fab’s business at the time.
"Fab Industries, Inc. ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/fab-industries-inc
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FAB Industries Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Grobet USA | - | $11.0M | 75 | - |
| AMETEK Specialty Metal Products | - | $25.0M | 10,001 | - |
| DSI Underground Group | - | $170.0M | 3,000 | - |
| Chemguard | 1984 | $15.6M | 26 | - |
| Kiefer Built | - | $6.2M | 50 | - |
| WhiteWave Foods | 1977 | $4.2B | 3,800 | - |
| Nautical Structures | 1986 | $17.0M | 125 | - |
| Moroni Feed Company | 1938 | $460.0M | 999 | - |
| The Pacific Wood Preserving Companies | 1972 | $530,000 | 7 | - |
| Supreme Industries | 1974 | $299.0M | 1,450 | - |
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FAB Industries Inc may also be known as or be related to FAB INDUSTRIES INC, FAB Industries, FAB Industries Inc, FAB Industries, Inc. and Fab Industries Corp.