#USA #Milliken #Technical Textiles #Highland Industries #Cheraw

Milliken & Company's Strategic Acquisition of Highland Industries

Global diversified manufacturer Milliken & Company has recently announced its acquisition of Highland Industries, Inc., located in Cheraw, South Carolina. This pivotal transaction is designed to bolster Milliken's domestic operations while significantly enhancing its technical textiles business, a sector that is increasingly crucial for industrial innovation and resilience.

Strengthening Domestic Operations

As the president and CEO of Milliken, Halsey Cook emphasized, "This acquisition bolsters the capabilities of Milliken's technical textiles business to benefit our customers." Such a statement underlines Milliken’s unwavering commitment to the U.S. textile industry and highlights the importance of precision manufacturing in producing innovative, high-performance materials. By integrating Highland’s assets, Milliken is establishing a more robust presence in the textiles sector, thereby opening avenues for further growth and operational efficiency.

Expanding Technical Textiles Capabilities

The Highland facility is set to become a key hub for Milliken's weaving and knitting capabilities, which are essential components of its technical textile offerings. Allen Jacoby, EVP and president of Milliken's technical textiles unit, mentioned, "In addition to reinforcing current operations, acquiring Highland adds new offerings to the technical textiles portfolio." This not only enriches Milliken's ability to serve customers but also positions the company well for new business opportunities, thereby fostering innovation within their product line.

About Milliken & Company

Milliken & Company has established itself as a leader in manufacturing, with a dedication to advancing materials science that translates to meaningful breakthroughs. With a diverse range of products and thousands of patents, Milliken operates across multiple sectors including textiles, flooring, chemicals, and healthcare. The company is driven by a shared sense of integrity and excellence, aiming to create a lasting positive impact within the communities it serves. Their motto captures this essence: "Innovating today for a better tomorrow."

The Future of Milliken

This acquisition signifies more than just an expansion of capabilities. It represents Milliken’s strategic foresight to advance the U.S. textile industry and cultivate innovative materials. The company's commitment to sustainability and high-performance solutions will undoubtedly lead to new product developments that will enhance the lives of consumers and businesses alike.

In conclusion, Milliken & Company is poised to leverage the acquisition of Highland Industries not only as a means to improve operational efficiencies but as a catalyst for innovation in the technical textiles sector. As they continue to push the envelope in material science, both their customers and communities will surely benefit from the advancements that lie ahead.