Announced
Synopsis
Artistic Milliners, a manufacturer of denim, agreed to acquire Cone Denim, a denim supplier, from Elevate Textiles, a textile solutions company. Financial terms were not disclosed. "We are excited to unite two global denim leaders with shared values furthering the Cone Denim name and legacy. Cone Denim and Artistic Milliners both possess long-standing textile heritage and are recognized worldwide for their commitment to innovation, traceability, and sustainability. They are both well respected, responsible, and ethical manufacturers. As the new Cone Denim, we are able to better leverage synergies across our brands, operations, and global footprint including the return of Cone Denim production capabilities in the US and expansion into new global regions," Jeffrey P. Pritchett, Elevate Textiles CEO.
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