Janesville, Wis.-based sliver knitter Monterey Mills has acquired sliver knitter Glenoit Fabrics Corp. Inc., Tarboro, N.C., from the management group that has owned the company since 2009. Monterey plans to invest in Glenoit's infrastructure, add employees and expand market share in the sliver-knitting segment. Glenoit Fabrics was founded in Beloit, Wis., in the 1950s …
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