Valdese wins auction

Andrews, Susan M.
July 2007
Furniture/Today;7/2/2007, Vol. 31 Issue 42, p1
Trade Publication
The article reports that Valdese Weavers, a fabric supplier, successfully won the Circa 1801/Doblin residential fabrics and Guild 360 contract fabrics segments of Joan Fabrics Corp. at an auction of Joan's assets in the U.S. Bankruptcy Court in Delaware. Liquidator Gordon Bros. Group teamed with the company to bid $29.75 million for the remaining assets of Joan. Moreover , Mike Shelton, president and chief executive of Valdese, said that Circa 1801/Doblin will be run as a separate business unit.


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