Stein Fibers acquires J. E. Herndon days after Consolidated Fibers buy
Posted April 1, 2021
ALBANY, N.Y. – Stein Fibers, Ltd. announce that it has acquired J. E. Herndon Company, based in Kings Mountain, N.C.
Established in 1928, J. E. Herndon specializes in the purchase and processing of textile mill fibers and by-products. Herndon's finished blends are consumed globally in diverse applications such as industrial yarns and banknote paper.
Patrick Mullen, J. E. Herndon president and owner, has joined the Stein Fibers sales and marketing team, based out of the company’s regional sales office in Charlotte, N.C.
"The diversification and opportunities that J. E. Herndon will bring to our business will complement our core focus, as well as those brought by our recent acquisition of Consolidated Textiles,” said founder Chip Stein. “We are fortunate to have such well respected and successful businesses as a part of Stein Fibers."
Stein Fibers announced the acquisition of Consolidated Fibers of Charlotte, N.C., last week.
Source: Stein Fibers