Johnston Textiles Inc history

It had net sales of $13.3 million in 1968, net income of $421,374, and total assets of $6.5 million.

Established in the state of New York, Geon had executive offices in Woodbury, New York, when it went public in 1969, with its founder, George O. Neuwirth, as president and treasurer.

In 1971 Geon made a second public offering of stock at $21 a share, compared to $6 a share for the initial offering.

Net sales for 1972, including those of American Aviation, came to $40.6 million and net income to nearly $1.7 million.

He was succeeded as chairman and president of Geon in 1974 by Robert L. Barbanell.

The rest of the company had sales of $8.8 million in 1976 and net operating profit of $1.1 million.

1981 - Johnstons of Elgin open our first retail store in Elgin, which has been visited by members of the Royal Family throughout the years, as well as Prime Ministers.

Johnston Industries had net sales of $117.9 million in fiscal 1985 (ended August 31, 1985) and net income of $5.6 million.

By November 1990 its stock was trading at a year-long high, especially pleasing to Chandler, who owned some 40 percent of the shares through GRM Industries.

Johnston Industries' diversified sales, in 1991, consisted of 42 percent in home furnishings, 20 percent in coating and laminating, 12 percent in automotive, 11 percent in specialty-market industrial textiles, ten percent in apparel, and five percent in tufting and needle punch.

The firm rewarded investor confidence by earning $6.8 million on net sales of $138.3 million in fiscal 1992.

Johnston Industries purchased full control of Tech Textiles, USA in 1995.

Jupiter National was merged into Johnston Industries in March 1996, but not without a struggle.

2006 Our retail store in St Andrews opens.

2012 Hawick visitor centre and retail shop opens.