Posted June 9, 2014

 

By Seshadri Ramkumar

 

LUBBOCK, Texas – Plains Cotton Cooperative Association (PCCA) announced on June 6 the sale of its textile and apparel division to American Textile Holdings (AmTex), LLC.

 

AmTex has assumed charge of American Cotton Growers denim mill in Littlefield, Texas, and cut and sew operation Denimatrix S.A. in Guatemala City, Guatemala.

 

According to Wally Darneille, PCCA’s president and CEO, the sale of the division will enable PCCA to refocus its efforts on core businesses such as cotton marketing, warehousing and software services for members and customers.

 

AmTex was created by Monomoy Capital Partners and Kingsmoor, LLC.

 

According to Robert Fowler, the new CEO of AmTex, the recent purchase will provide customers unsurpassed quality and proximity in denim manufacturing, which is currently migrating from Asia to the Americas.

 

With the sale of textiles and apparel division, PCCA returns to its founding core business of cotton marketing, when the cooperative was founded some 60 years ago here.