Private equity firm buys owner of Cone Denim - Greensboro News ... - Greensboro News & Record

GREENSBORO — A company controlled by turnaround-investor Wilbur Ross has sold International Textile Group, which owns iconic Greensboro companies Cone Denim and Burlington.

Platinum Equity has acquired International Textile’s shares and debt for $99 million, according to a Securities Exchange Commission document.

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Contact Richard M. Barron at (336) 373-7371 and follow @BarronBizNR on Twitter.

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