Westpoint Stevens Inc. Closes Agreement To Sell Alamac Subsidiary

Business Wire, August 27, 1997

WEST POINT, Ga.--(BUSINESS WIRE)--Aug. 27, 1997--WestPoint Stevens Inc. (Nasdaq/NM:WPSN) (www.westpointstevens.com) today announced it has closed the previously announced agreement with Dyersburg Corporation (NYSE:DBG) to sell its Alamac Knit Fabrics subsidiary. The closing of the transaction occurred on August 27, 1997.

WestPoint Stevens Inc. is a home fashions consumer products company, with a comprehensive line of branded and licensed products for the bedroom and bathroom. The Company is vertically integrated, and is the nation's leading manufacturer and marketer of bed linens, towels, comforters, and other accessories that are sold in retail outlets throughout the world. WestPoint Stevens' home fashions consumer products are marketed under the well-known brand names of ATELIER MARTEX, MARTEX, UTICA, STEVENS, LADY PEPPERELL, and VELLUX, and under licensed brands, including RALPH LAUREN HOME COLLECTION, SANDERSON, HALSTON, and STAR WARS.

CONTACT: WestPoint Stevens Inc., West Point

Morgan M. Schuessler, 706/645-4230