Plains Cotton Cooperative Association (PCCA), headquartered in Lubbock, TX, has sold its Textile and Apparel Division to American Textile Holdings, LLC, (AmTex).
AmTex will assume control of all operations of the American Cotton Growers (ACG) denim mill in Littlefield, TX, and Denimatrix S.A. in Guatemala City, Guatemala. Terms of the transaction were not disclosed.
“We are very pleased that we have been able to conclude this transaction with AmTex,” said PCCA President & CEO Wally Darneille. “They bring new capital, fresh ideas, and a broad customer list which will offer opportunities for the people employed at those facilities. We will collaborate with them through the provision of computer hardware and software, accounting, and other services, and we wish them great success.”
AmTex will be a leading designer and manufacturer of both denim fabric and denim apparel products. The company will convert raw cotton into denim fabric at ACG, and then convert the fabric into finished jeans at Denimatrix. AmTex will employ more than 2,200 associates at the two facilities, making it one of the largest denim manufacturing operations in the Western Hemisphere.
“PCCA looks forward to refocusing our efforts on our core businesses of cotton marketing, warehousing and software services for our members and customers,” Darneille said.
PCCA is one of the largest originators of U.S. cotton to textile mills around the world.
Source – PCCA