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Mount Vernon Mills Acquisition Unlocks Vertical Value

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Mount Vernon Mills has agreed to acquire Wade Manufacturing Company’s yarn spinning and weaving facility in Rockingham, N.C. The move will make Mount Vernon vertically integrated from yarn production to finished fabric in certain products and give the company greater control of its supply chain. No other assets or part of Wade Manufacturing’s business, which…

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