Pillowtex Corporation

Pillowtex Corporation
Industry Textile
Fate bankrupt, sold
Successor Iconix Brand Group
Founded 1954
Defunct 2003
Headquarters Dallas, Texas, Kannapolis, North Carolina
Key people
 David H. Murdock
Products Bedding: pillows, towels, bed sheets, etc.
Number of employees
 14,000
Parent Amoskeag Company
Subsidiaries Cannon Mills Company, Fieldcrest Cannon, Beacon Blankets

Pillowtex Corporation was a United States textile manufacturing company from 1954 to 2003. It was originally a pillow, mattress pad and down or synthetic comforter maker. Pillowtex bought Fieldcrest, which made products branded Cannon, Royal Velvet, Fieldcrest, Charisma, and others.

Pillowtex filed a Chapter 11 bankruptcy petition in the United States Bankruptcy Court on July 20, 2003. A chapter 11 liquidating plan was confirmed, which created the Pillowtex Liquidating Trust.[1]

Many of its brands were purchased by Iconix Brand Group in 2007.[2] It was publicly traded on NYSE as PTX.[3]

The Pillowtex brand was bought by Pacific Pillows in 2009, which manufactures and sells memory and latex foam pillows under that name.[4]

Oak Point Partners acquired the remnant assets of the Pillowtex Liquidating Trust in February 2012.[1]

Related Entities of the Pillowtex Liquidating Trust included Acme Quilting Co., Inc., Acon Corporation, Amoskeag Company, Amoskeag Management Corporation, Aroostook Construction Company, B & A Communications, Inc., Bangor Investment, Co., Basics, Inc., Be-AC, Inc., Beacon Manufacturing Company, Bed Covers, Inc., Bedcovers, Inc., BIC Merger Corporation, Bigelow-Sanford, Inc., Cannon, Cannon Manufacturing Company, Cannon Mills, Cannon Rug Company, Charisma, Circle Cotton Mill Co., Communications Resource Associates, Inc., Crestfield Cotton Company, Deer Isle Corporation, Down Lite, Inc., Downeast Management Corporation, Downeast Securities Corporation, Duxbury Marina Corporation, Encee, Eugenia Cotton Co, Inc., FC, FC Online, Inc., FCC, FCI, FCI Corporate, LLC, FCI Operations, LLC, Fieldcrest, Fieldcrest Cannon, Fieldcrest Mills, Fieldcrest-Cannon Corporation, Globe Feather & Down, Inc., Hanover Industries, Inc., Imperial Feather Company, Karafield Wool Company, Katahdin Warehouse Company, L.T. Barringer & Company, Leshner of California, Inc., Machine Accounting, Inc., Maine Rent-a-Car System, Maine Rent-a-Truck System, Manetta Home Fashions, Inc., Manetta Mills, Inc., McKay Rock Products, Inc., Moore's Falls Corp., N. Sumergrade & Sons Corporation, Newton Yarn Mills, Opelika Industries, Inc., Perl Pillow, Pillowtex, PTEX, PTI, Realmac, Inc., Royal Velvet, Silversen Holding Company, Inc., Social Circle Cotton Mill Co., St. Mary's Cotton Mills, Sumergrade & Sons, Sumergrade Corporation, Synthetic Pillows, Inc., Tennessee Woolen Mills, Inc., The Cannon Holding Company, The Cotton Mill Store, The Leshner Corporation, The Leshner Leasing Corporation, Tunica Manufacturing Company, Inc., Wiscassett Mills Company.[1]

See also

References

  1. 1 2 3 Oakpointpartners.com
  2. ↑ https://www.reuters.com/article/governmentFilingsNews/idUSN0130531720071001
  3. ↑ http://www.fool.com/dtrouble/1999/dtrouble990730.htm
  4. ↑ http://www.pacificpillows.com/pillowtex.html


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