|
Paul A. Johnston, Sr.
established Johnston Industries, Inc. in 1972 when Johnston purchased
conglomerate Glen Alden Corporation’s textile division, which included Swift
Textiles of Columbus, Georgia, and Opp and Micolas Mills of Opp, Alabama. He
then sold Swift but retained one of its mills, which became Southern Phenix
Textiles. In 1984 Johnston sold the company to G.I. Exports, a closely held
public company headed by David Chandler. G.I. Exports subsequently changed its
name to Johnston Industries.
Acquisitions followed including
the purchase of Wellington Sears, which doubled the number of employees and the
formation of Tech Textiles, later renamed Composite Reinforcements, which
further diversified its manufacturing. In 1994, Johnston Industries moved its
headquarters from New York to Columbus, Georgia.
In 2000, CGW Southeast
Partners IV LLP, an Atlanta investment firm, purchased Johnston Industries
taking it off the New York Stock Exchange and making it a privately held
company. On December 5, 2003,
Meriturn Partners purchased
the fabric business of Johnston Industries and formed a new company,
Johnston Textiles, Inc. JTI is focused on speciality fabrics in the
Decorative, Industrial, and Napery segments of the textile industry.
Head quartered in Valley Alabama, JTI operates facilities in Opp, Valley
and Phenix City Alabama.
Johnston’s high-caliber
workforce is committed to success through customer satisfaction.
|