American & Efird (A&E) division of Elevate Textiles Inc has agreed to buy the high performance yarn business of Charles Craft Inc, a leading manufacturer and distributor of high-performance flame resistant/cut resistant industrial yarns and other specialty products say media reports.
This acquisition will expand A&E’s product offering related to thermal protection, cut resistant and flame retardant yarns. It will include the acquisition of Charles Craft manufacturing operations in Hamer, SC, which will operate as part of the American & Efird US manufacturing platform.
Frank Buie, Vice President-Sales for Charles Craft, will join American & Efird as part of the sales management team. According to him, becoming part of the larger A&E brand provides new life and longevity to its well-known technical yarns besides offering new opportunities for its employees and customers.