Cone Mills Refocuses on Core Businesses

PR Newswire | January 7, 1997 | Copyright

GREENSBORO, N.C., Jan. 7 /PRNewswire/ -- Cone Mills Corporation (NYSE: COE) today announced four additional steps in the company's program to refocus on its core businesses and facilities. The four steps include the sale of Greeff Fabrics, part of the Cone Decorative Fabrics group; the sale of the synthetic fabric business, a part of the Cone Sportswear division; the expected sale of the assets of Cornwallis Development Co., Cone's real estate subsidiary; and the planned closing of the Granite Finishing Plant in Haw River, North Carolina.

J. Patrick Danahy, ...

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