Investor group bids to buy Dan River’s rubber reinforcements business

DANVILLE, Va. (Jan. 5)–Apparel and industrial textile producer Dan River Inc. has agreed to sell its Engineered Products Division in Porterdale, Georgia–a producer of yarns and fabrics for rubber goods reinforcement–to an investor group affiliated with two other rubber reinforcement producers.

However, since Dan River is operating under Chapter 11 bankruptcy protection, other interested parties still have until Jan. 6 to bid on the business, also known as the Bibb division. The proposed sale, for $9.37 million, is subject to approval by the US Bankruptcy Court…

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