Provided by PCCA
Plains Cotton Cooperative Association (PCCA), headquartered in Lubbock, Texas, today announced the sale of its Textile and Apparel Division to American Textile Holdings, LLC, (AmTex).
AmTex will assume control of all the operations of the American Cotton Growers (ACG) denim mill in Littlefield, Texas, and Denimatrix S.A. in Guatemala City, Guatemala, effective today. Terms of the transaction were not disclosed.
"We are very pleased that we have been able to conclude this transaction with AmTex," said PCCA President & CEO Wally Darneille. "They bring new capital, fresh ideas, and a broad customer list which will offer opportunities for the people employed at those facilities. We will collaborate with them through the provision of computer hardware and software, accounting, and other services, and we wish them great success."