Private equity firm buys owner of Greensboro companies Cone Denim and Burlington - Winston-Salem Journal

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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Richard M. Barron is a reporter for the Greensboro News & Record. Contact him at richard.barron@greensboro.com and (336) 373-7371.

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