PR90285

CINCINNATI, June 24, 2021 /PRNewswire=KYODO JBN/ --

Standard Textile Co., Inc. and Kucukcalik today announce they have entered into

a joint venture agreement. The joint venture agreement brings together the

specialized expertise and knowledge of two leading textile manufacturing

companies to expand their product portfolio and accelerate growth in the

healthcare, hospitality, and consumer markets.  

Logo - https://mma.prnewswire.com/media/545235/Standard_Textile_Co_Logo.jpg  

Kucukcalik is a premier global textile manufacturing company with key

operations in Turkey and Egypt.  From fiber production to weaving to finishing,

the company produces apparel, bedding, drapery, and other decorative products

for the consumer market. The company opened its first weaving mill in 1990 and

added dyeing and printing factories in 1992. In 2019, Kucukcalik created a new

sustainable yarn from discarded PET bottles using advanced spinning technology.

The company is listed among the top 500 companies in the Turkish industrial

sector.

"We are pleased to announce this new joint venture for Standard Textile,"

stated Gary Heiman, President and Chief Executive Officer of Standard Textile.

"We have admired Kucukcalik's world class facilities in Turkey and Egypt, and

this joint venture allows us to both expand our global footprint and leverage

their technology and expertise in fiber extrusion. Their innovative fiber

extrusion and texturizing operations provide new opportunities for our research

and development teams to collaborate in designing and developing sustainable

products using recycled fiber to meet the needs of current and future

customers."

Standard Textile manufactures bed, bath, and decorative products, serving the

healthcare, hospitality, and consumer markets. It has manufacturing operations

in North America, Europe, Asia, and the Middle East. The company received

recognition in 2016 for creating a model for advanced textile manufacturing in

the United States with their operations in Thomaston, Georgia and Union, South

Carolina headlined in major news publications.  

Earlier this year, Standard Textile was credited with the "Best Health Care and

Medical Innovation" by Ohio Business Magazine for developing a uniquely

American-made reusable cover gown to help protect frontline medical workers

responding to the global pandemic; and most recently, the company was selected

as a 2021 US Best Managed Company. Sponsored by Deloitte Private and The Wall

Street Journal, the program recognizes outstanding U.S. private companies and

the achievements of their management teams.  

"We are very happy to be able to continue our long-lasting friendship and

existing trading relationship with Standard Textile now as co-shareholders. We

are confident that this partnership will add significant value to Kucukcalik by

allowing us to expand in markets where Standard Textile is particularly

strong," said Yasar and Yilmaz Kucukcalik, the shareholders of Kucukcalik.

About Standard Textile  

Founded in 1940, Standard Textile has developed a culture of innovation,

quality, and service. With more than 80 patents, its products are engineered to

deliver durability, longevity, and value. A vertically integrated company,

Standard Textile is a leading global provider of total solutions in the

institutional textiles and apparel markets. Leveraging textile design,

manufacturing, and laundry expertise, and its global infrastructure, this

company serves customers in the healthcare, hospitality, interiors, workwear,

and consumer markets worldwide. For more information visit

http://standardtextile.com.

About Kucukcalik

Founded as a trading company in 1940, Kucukcalik opened its first weaving mill

in 1990. Kucukcalik is known for its innovative and high fashion products for

the apparel and home textile markets and is also the first company to have

received ISO 9001 and ISO 14000 certification in the embroidery sector in

Turkey. Kucukcalik caters to a wide range of customers such as fabric editors,

design studios, converters, wholesalers and retailers, including specialty

stores, department stores, and well-known retailers with global coverage. For

more information visit kucukcalik.com.tr.

Contact:  

Judy Sroufe

Vice President, Brand Marketing and Communications

Standard Textile

jsroufe@standardtextile.com  

+1 (513) 761-9256, ext. 2243  

SOURCE: Standard Textile