According to a Milliken news release, the company has signed a letter of intent to sell its global automotive body cloth division to a Milliken management group led by Dirk Pieper and Brian McSharry, who are being supported by Azalea Capital LLC, a Greenville-based investment firm. The new company will operate under the name “Autotex” and will continue to be headquartered in South Carolina. “SPAN>The target closing date of the sale is July 10..”/SPAN>
Date:5/21/2009
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