| Business Summary | | Thomaston
Mills,
Inc.
is
a
manufacturer,
finisher
and
marketer
of
textile
products
for
the
home
furnishings
and
apparel
piece-dyed
markets.
The
Company's
home
furnishings
line
includes
sheets,
pillowcases,
comforters
and
accessories
that
are
marketed
under
the
Thomaston
label
primarily
through
value-based
retailers.
The
home
furnishings
line
also
includes
sheets,
pillow
cases
and
bedspreads
that
are
marketed
through
hospitality
and
healthcare
distributors,
as
well
as
fabrics
that
are
sold
to
other
manufacturers
of
home
furnishings.
The
Company's
apparel
piece-dyed
line
includes
dyed
and
finished
woven
fabrics
in
a
variety
of
colors
and
washes,
which
are
sold
to
apparel
manufacturers.
In
June
2001,
the
Company
filed
a
voluntary
petition
for
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
During
the
bankruptcy
proceedings,
the
Company
expects
to
continue
certain
operations
while
seeking
a
purchaser
for
all
or
part
of
its
assets
under
court
protection
from
creditors. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TMSTA
manufactures
and
markets
home
furnishing
fabrics
including
sheets,
pillowcases,
comforters
and
related
accessories
and
fabrics.
TMSTA
also
dyes
and
finishes
fabric
for
casual
and
career
apparel.
For
the
26
weeks
ended
12/30/00,
net
sales
fell
5%
to
$73.8
million.
Net
loss
from
continuing
operations
totalled
$9.9
million,
up
from
$3.5
million.
Revenues
suffered
from
lower
apparel
fabrics
segment
sales.
Higher
loss
reflects
lower
manufacturing
capacity
utilization
and
productivity. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| A. William Ott, 44 Acting
Pres and CEO and Chief Financial Officer, Treasurer | $169K | Daniel Tripp, 48 VP
- HR and PR | -- | James Haygood, 53 VP
- Apparel Fabric Sales | -- | Jonathan Huff, 59 VP
- Finishing | -- | William James, 56 VP
of Consumer Products Manufacturing and Operations | -- | Dollar
amounts are as of 1-July-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|