Amoskeag Company

The Amoskeag Company is or was a privately owned American holding and operating company. It was calved off from the Amoskeag Manufacturing Company (AMC) of New Hampshire in 1925, which went bankrupt a decade later. Through its subsidiary the Pillowtex Corporation it was the last owner of the Fieldcrest Mills in North Carolina.^[1][2] When the profits of AMC started going down in the mid-1920s, the Amoskeag company was created as a shelter in order to transfer all of the profits from the manufacturing company's booming years clear both of that firm's operational needs and possible business failure. When AMC declared bankruptcy in 1936 that money was untouchable, allowing the holding company to continue unaffected.

According to Bloomberg in 2018, "Amoskeag Company owns and manages companies that are involved in separate businesses, including producers/sellers of home furnishing textile products. Other companies consist of railroad transportation, modular housing, real estate development and land investors. The Company also maintains a portfolio of marketable securities."^[3] This appears to be out-of-date information, by several decades. Indications are Amoskeag either went defunct or was acquired sometime between the early 1990s and end of the first decade of the 2000s.

Its one-time subsidiary Pillowtex Corporation filed a Chapter 11 bankruptcy petition in the United States Bankruptcy Court on July 20, 2003. A liquidating plan was confirmed, which created the Pillowtex Liquidating Trust. Oak Point Partners acquired the remnant assets of the Pillowtex Liquidating Trust in February 2012.^[4]

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