Textiles Monterey Acquires Patrick Yarns as FilSpec USA

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AI Summary

Kings Mountain, NC – :ย Textiles Monterey Group announced the successful acquisition of Patrick Yarns, formerly part of the Coats Group. The Kings Mountain, North Carolina-based facility will now operate under the name FilSpec USA, marking a significant milestone in the advancement of specialty yarn production.

This acquisition reinforces FilSpecโ€™s dedication to delivering high-quality technical specialty spun yarns across North America and Europe. FilSpec USA will collaborate with the companyโ€™s existing operations in Sherbrooke, Quebec, broadening production capabilities and strengthening FilSpecโ€™s leadership in the yarn industry.

โ€œWe are thrilled to welcome FilSpec USA to our family,โ€ said Gilles Desmarais, President of Textiles Monterey Group. โ€œThis strategic growth enhances our ability to deliver innovative solutions and premium yarn products to our customers in diverse markets.โ€

Both the Sherbrooke and Kings Mountain facilities will uphold a legacy of craftsmanship, technological innovation, and a customer-first approach, ensuring continued excellence in the specialty yarn sector.

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