Danny Sweem Named CEO of M&R

Danny Sweem was just named CEO of M&R, replacing founder Rich Hoffman who will stay on during the transition time. Look for more reporting on this in coming weeks. What follows is the resume type facts about Danny Sweem. Let me say that I’ve known him for almost 25 years and he is one of the most decent guys in the industry or that you
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Gildan’s Financials

The Gildan financial report on the year 2017, 4th quarter 2017, and the outlook for 2018 are available for your perusal here. A few take-aways from a quick look see: – They made a boatload of money. Gross sales of $2,750.8 million and generated free cash flow of $519 million. That’s a whole lot of G2000’s. – They leave the door open for more acquisitions
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Gildan To Close New Bedford, Massachusetts Dyeing Facility (and Warehouse in CA)

Gildan has decided to close their garment dyeing facility in New Bedford, Massachusetts. Gildan bought the plant from Comfort Colors in 2015. It will close now as of February 28th, 2018 and 90 workers there will lose their jobs. The facility originally was opened in 1995 in a cavernous former armaments factory by the then Comfort Colors owner Barry T. Chouinard. Soon after buying Comfort
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ThreadX 2018

Finally… a conference designed for us by us.  ThreadX is for business owners and managers seeking insights on the current state of and the future of the decorated apparel industry.  Top-notch speakers, including Johnny Cupcakes!

Misprint Monday: White Ink Futures

At the end of January 2017 there was a major fire in the Huntsman plant in Pori in Finland. Despite the dramatic photos of this clearly very large fire, luckily there were no reported injuries or deaths. This plant produces a large portion of the titanium dioxide in the world used in white printing inks. So you might see white ink prices rise this year.
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Interview with Scott Craig GM of Wilflex AND Rutland

PolyOne Corporation, the company that owns Wilflex Inks, recently bought Rutland Plastic Technologies. This gives PolyOne ownership of the companies supplying ink to a majority of garment printers in the USA.  Last week I had a chat with the General Manager of Wilflex and now also of Rutland. Our chat reinforced some of the obvious benefits to what the merger could possibly mean, and reassured
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PolyOne (Wilflex Inks) Purchase of RPG (Rutland, Union, QCM Inks)

This is the media advisory from PolyOne about the purchase of Rutland. Not particularlyly revealing, but seems to be all anyone has on this for now on this big industry news. My only other take on this is that there is a possibility of Wilflex taking a longer view on the business in terms of relationships and R&D. The past few owners of Rutland have been
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American Apparel Bankruptcy Sale to Gildan is Approved

WWD and other sources are reporting that yesterday January 12, 2017 the bankruptcy judge in the American Apparel case approved the sale of most of the assets (including the Brand) to Gildan. The entire sale to Gildan was 103 million dollars of which $15 million was for the purchase of inventory. Gildan was the highest bidder at the auction held earlier this week, their original
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Gildan to Buy American Apparel?

Time to clarify some things about the bankruptcy of American Apparel and the potential purchase by Gildan. Reports in many media outlets that Gildan has bought American Apparel are false, or at least not entirely accurate. They have bid on certain assets but you would not say that it is a done deal. 2. American Apparel retail stores will close. This apparently is true, as Gildan has
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