Quaker Fabric Corporation

Apparel Industry Financial  Textile Stock Market List  fabric  fiber

In 1984 Vertipile acquired Quaker fabric Corp. Larry Liebenow and partners acquired Quaker fabric in 1989. The company grew to become one of the largest producers of Jacquard upholstery fabric in the world as well as producer of specialty yarns, both for its own fabrics and for sales to other fabric manufacturers.  fortunes changed and from November 2003 to June 2007, the company shed some 1,700 jobs in Massachusetts. In October 2006 Quaker fabric Corp. announced it was opening an upholstery fabric mill in China with partner Hangzhou Zhongwang fabric Products Co.

On August 20, 2007, Quaker fabrics filed for bankruptcy.

October 25, 2007 News:  Gordon Brothers Group, today announced that is has acquired through bankruptcy auction the majority of assets of Quaker fabric, Inc. in Fall River, Massachusetts. Assets include all raw and finished fabric inventory, machinery and equipment, intellectual property, trademarks, patents and real estate.

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