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West Point Products history
West Point Products company history timeline
Georgian Carpets was established in 1976.
In 1978, WestPoint Pepperell doubled the Elizabethtown operation through new construction, while further expanding the Alamac division through the purchase of two North Carolina plants.
The company installed its first computers well ahead of most of the competition, building its own units for machine monitoring as early as 1978.
The $1 billion mark was topped for the first time in 1979.
The company celebrated record sales and earnings highs in 1980.
Economic uncertainties and high interest rates caused a slight drop in sales that year; sales continued to dip slightly in 1982, but net income was up that year.
Advanced Fabrics, Inc. of Georgia was purchased in 1983.
New challenges, however, threatened to flatten the growth of the company that had grown to 41 manufacturing plants in eight states by 1985.
WPP's sales remained better than average during the recession, in large part due to its high-fashion home furnishings niche, but earnings stumbled 71 percent in the first half of 1985.
He acquired Fruit of the Loom as part of his 1985 purchase of conglomerate Northwest Industries, Inc.--a billion-dollar acquisition he pulled off with the help of emerging junk-bond specialist, Drexel.
The company's international division bloomed in 1986 with the purchase of London-based Arthur Sanderson & Son Limited, marketers of decorative furnishing fabrics, wall coverings, and specialty carpets, with operations in the United Kingdom, Canada, and the United States.
When West Point-Pepperell acquired Cluett in 1986, its previous year's sales had been $2.1 billion.
In May 1988, after obtaining antitrust clearance from the Federal Trade Commission, WestPoint Pepperell took over the top spot in the $1.2 billion bed-linen business by acquiring the bed and bath operations of Stevens.
In 1989, Farley launched a five-month, hostile battle to take over WPP and won.
In 1991, the West Point Acquisition Co. finally gave up and sought Chapter 11 bankruptcy court protection from the angry shareholders who had tried to force Farley into involuntary bankruptcy.
In the fall of 1992, West Point Acquisition had been restructured and renamed Valley Fashions Corporation.
A new president and chief executive officer was announced in February 1993.
In December 1993, the company acquired the remaining five percent of WestPoint Pepperell through refinancing and merged with several of its subsidiaries to form WestPoint Stevens, Inc.
In February 1995 the company launched an unprecedented advertising campaign for its Martex line of bed and bath products.
In 1998, the company purchased the assets of a direct textile machinery competitor, the Reed-Chatwood Company of Rockford, IL. West Point still maintains parts and Service for all Reed-Chatwood equipment.
In 2006, West Point Industries began working with the US Department of Defense and many of the Prime Defense Contractors.
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West Point Products competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Employment Plus | - | - | - | - |
| Angstrom Graphics | 1918 | $272.1M | 137 | - |
| Lyons HR | 1995 | $12.0M | 165 | 43 |
| MAU Workforce Solutions | 1973 | $50.0M | 175 | 94 |
| Debbie's Staffing | 1986 | $470.0M | 9,000 | 53 |
| Alliance HR | 2011 | $21.0M | 275 | - |
| PRADCO | 1955 | $1.7M | 15 | - |
| Life Style Staffing | 1973 | $11.2M | 50 | - |
| Elite Staffing | 1991 | $8.7M | 90,000 | 26 |
| Innovative Staff Solutions | 1994 | $100.0M | 1,500 | - |
West Point Products history FAQs
Zippia gives an in-depth look into the details of West Point Products, including salaries, political affiliations, employee data, and more, in order to inform job seekers about West Point Products. The employee data is based on information from people who have self-reported their past or current employments at West Point Products. 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 West Point Products. The data presented on this page does not represent the view of West Point Products and its employees or that of Zippia.
West Point Products may also be known as or be related to West Point Products and West Point Products LLC.