Business Services Industry
WestPoint Stevens Inc. makes announcement
Business Wire, April 25, 1995
WEST POINT, Ga.--(BUSINESS WIRE)--April 25, 1995--WestPoint Stevens Inc. (Nasdaq/NM:WPSN) today announced that Magten Asset Management Corp. sold all 2,913,352 shares of its holdings in WestPoint Stevens Inc.
The Robinson-Humphrey Company, Inc. acted as principal in facilitating this transaction.
WestPoint Stevens is the nation's leading manufacturer and marketer of bed and bath textile products and accessories, and is also, through its Alamac subsidiary, a leading domestic manufacturer of circular knit sportswear fabrics. Its consumer products are marketed under the well-known brand names of MARTEX, UTICA, STEVENS, VELLUX and LADY PEPPERELL, and under licensed designer labels, including RALPH LAUREN, COLLIER-CAMPBELL, LOUIS NICHOLE, SANDERSON, and LIBERTY OF LONDON.
CONTACT: WestPoint Stevens Inc.
Morgan M. Schuessler, 706/645-4230
5768
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