|The assets and intellectual property of bankrupted upholstery manufacturer Microfibers Inc. have been the subject of an offer from a Turkish upholstery manufacturer. See article from Furniture Today: Read the press release here.|
AKC Note: We reported in News Update January 27, 2016 that Microfibers was closing plants and it was followed by bankruptcy filing in February 2016. The business was one of the leading producers of flocked fabrics in the US. We do not know many details of the prospective buyer, but their website indicates they are a producer of upholstery fabrics. http://www.flokser.com.tr/ Inward oversees investment into the US textile industry continues.