In an industry where margins are thread-thin, Parkdale Mills spins cotton into cash. The North Carolina-based company is the largest privately owned yarn spinner in the US. It manufactures cotton and cotton-polyester blend yarns and specializes in spun yarn that winds up in such goods as sheets, towels, underwear, and jeans. Parkdale Mills' global slate of customers have included
. The company operates and owns 66% of
, a joint venture with polyester and nylon yarn maker
. The company has about two dozen plants in the US, Colombia, and Mexico, and a fiber research center. Its cotton consumption represents around 30% of total US cotton demand.
Parkdale Mills is part of the $60 billion textile industry, in which 50 of the largest companies make about 60% of the revenue. It is a survivor in the competitive global textile trade that has undergone credit crises, economic meltdowns, and fraudulent trade practices.
Parkdale Mills has plant locations in Lexington, Kings Mountain, Thomasville, Gastonia, Salisbury, Monroe, Landis, Boonville, Walnut Cove, Sanford, Sparta, Mt. Holly, and Belmont, North Carolina; Gaffney, Edgefield, and Graniteville, South Carolina; Galax and Hillsville, Virginia; Rabun Gap and Lavonia, Georgia; Alexander City, Alabama; Mountain City, Tennessee; Morelos, Mexico; and Rionegro, Colombia.
Parkdale Mills was founded in 1916. Textile magnate and chief executive Anderson Warlick and his family run the company along with chairman of the board Willard "Duke" Kimbrell, and Shepard K. Halsch.