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Mount Vernon Mills Acquires Historic White Oak Shuttle Looms
Yahoo Financeยท 2025-10-22 19:14
Core Insights - Mount Vernon Mills has formed a strategic partnership with KaKa Cotton, LLC to acquire and relocate 45 historic Draper X3 shuttle looms to its facility in Trion, Georgia, preserving their significance in American textile history [1][4] - The acquisition also includes 45 Picanol President shuttle looms, aimed at enhancing the company's selvedge denim weaving capacity [2] - The initiative is set to revive traditional American denim production, with operations expected to commence in early 2026, creating new skilled jobs and attracting interest from denim enthusiasts and heritage brands [3] Company Developments - Mount Vernon Mills plans to restore the looms and integrate them into a dedicated production line for premium selvedge denim, emphasizing a commitment to American manufacturing and textile excellence [3][4] - The looms were previously involved in a sheriff's sale related to Vidalia Mills, which did not own the machinery, raising concerns about potential overseas acquisition [4] - KaKa Cotton, LLC, identified as the owner of the looms, proposed a creative financial structure for the transaction, although Mount Vernon did not disclose details about the financial arrangement [5]