264:, while the Manchester Plastics unit acquired in 1996 and renamed Collins & Aikman Plastics was already in Troy. The company kept about 100 employees in various departments in Charlotte, where it had operations for 25 years, until 2003. In 2002, after the acquisition of the Textron Automotive trim unit, the company announced plans to move its operations to Stephenson Highway, where the plastics unit was already located.
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filed civil fraud charges against C&A, David
Stockman and eight other former C&A directors and members. The suit alleged that C&A had inflated its quarterly earnings from the end of 2001 to 2005, by using "round-trip" transactions with Elkin B MacCallum, a member of C&As board, and a
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Automotive interior components, systems and modules, plastic components and cockpits, soft trim and convertible roof systems, instrument panels, fully assembled cockpit modules, floor and acoustic systems, automotive fabric and interior trim, exterior trim and trim set, backlights, and tonneau covers
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Collins & Aikman began in 1891 when
Charles M. Aikman, who joined Gibbons L. Kelty's home furnishings business in 1870, became partners with William Collins, with Kelty's interest being sold. The company went public in 1916 with the sale to Thomas Doody and Melville Curtis. The company acquired
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Collins & Aikman
Corporation (C&A) was engaged primarily in the design, engineering and manufacture of automotive interior components, systems and modules. The company supplied products from three main categories: plastic components and cockpits, soft trim and convertible roof systems. Its
347:
The SEC settled with five of the defendants in 2010, with the settlement including David
Stockman paying $ 7.2 million in settlement. As a result of the case a judge found that the SEC is entitled to no special treatment regarding its discovery obligations when it initiates litigation.
428:''Fabrics for Apparel Trades Collins & Aikman sells a variety of knitted , woven and tufted materials to garment manufacturers . ... Other divisions make pile fabrics for outerwear and coat linings ( marketed under trademarks such as SHERPA )''
413:''Sherpa is the original man - made pile fabric with the curly look . Lightweight , soft and warm . For coats inside and out . Pile of Creslan acrylic fiber . If the tag doesn't say “ Sherpa by Collins & Aikman , ” it isn't Sherpa . ''
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ruling which put 24 C&A companies across 10 European countries into
English administration proceedings, recognising that these companies operated as a cohesive unit and would need to be dealt with holistically.
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After filing for bankruptcy in Europe in May 2005 and in the United States in July 2005, Collins & Aikman announced April 6, 2006 that it would close four North
Carolina plants. This included one plant in
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products included instrument panels, fully assembled cockpit modules, floor and acoustic systems, automotive fabric and interior trim, as well as exterior trim and trim set, backlights, well slings,
210:, Mastercraft's owner, became president of the Collins & Aikman Decorative Fabric group, overseeing its seven plants and 6000 employees. They developed a synthetic material with the name
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In North
America, Collins & Aikman manufactured components for approximately 90% of all light vehicle production platforms. Sales were primarily made to North American-based
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In early 2005 the firm had to review its 2004 results due to accounting problems. It then suffered a liquidity crisis which resulted in the ousting of the chairman and CEO,
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The
Albemarle unit, started in the 1950s, became International Automotive Components in 2007. In September 2017 the Old Fort operation, with 700 employees, became part of a
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186:(OEMs), as well as Asian- and European-based OEMs. It conducted all of its operating activities through its wholly owned subsidiary Collins & Aikman Products Co.
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supplier to C&A, to falsely increase reported indirect income. It then engaged in other acts of false accounting to further increase its reported earnings.
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manufacturer of cockpit modules and automotive floor and acoustic systems and a supplier of instrument panels, automotive fabric, plastic based trim and
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top systems. The
Company's operations spanned 15 countries, incorporating about 120 facilities and approximately 25,000 employees. It entered
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between
Shanghai Shenda Co. Ltd. and International Automotive Components called Auria Solutions, Ltd., with U.S. headquarters in
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In March 1998, Collins & Aikman submitted a site plan for a move by its headquarters to Northfield Hills Corporate Center in
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445:''The company also developed “ Sherpa , ” a lamb's - woollike material that has gained considerable success as a lining ''
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bought Wickes and changed its name to WCI Holdings Corp., which in turn changed its name to Collins & Aikman in 1992.
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Collins & Aikman was also involved in the manufacturing of decorative fabrics and in 1976 acquired
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since 1923. Three other North Carolina plants employing 1,244 would continue operating in
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that resembles wool. Sherpa was a registered trademark of Collins & Aikman.
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Also in 1992, Collins & Aikman moved its headquarters from California to
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The New Yorker - Volume 37, Part 6 - Page 52books.google.co.in › books
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bankruptcy on May 17, 2005 and went out of business on October 12, 2007.
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393:. Internet Archive. New York : Fairchild Publications. p. 550.
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Textile Leaders of the South - Page 265books.google.co.in › books
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bought Collins & Aikman in 1987 for $ 1.16 billion. The next year
572:"Collins & Aikman to close four N.C. plants, slash 1,240 jobs"
546:"Collins & Aikman to move headquarters elsewhere in Troy"
288:, where the company was the largest employer and had been in
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Manufacturer of decorative fabrics and automotive supplies
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Harold Wallace Ross, William Shawn, Tina Brown · 1962
518:"Collins & Aikman is cutting ties to Charlotte"
488:Sherefkin, Robert; Gargaro, Paul (March 30, 1998).
435:. International Magazine Company. 1979. p. 64.
284:with 650 workers and three plants employing 590 in
276:, in early May, followed by the Chapter 11 filing.
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490:"Collins & Aikman to Consolidate in Troy Site"
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738:Defunct manufacturing companies based in Michigan
260:, and Dura Convertible Systems was moving from
733:Manufacturing companies disestablished in 2007
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326:This was followed in July 2011 by a British
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718:Manufacturing companies established in 1891
625:"IAC plant in Old Fort is now named Auria"
450:Marjorie Willis Young, L. P. Walker · 1963
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713:Auto parts suppliers of the United States
308:plant and its 75 workers was uncertain.
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599:"International Automotive Components"
202:, the world's largest maker of woven
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544:Strong, Michael (January 14, 2002).
227:in 1960 and Imperial Paper in 1971.
179:covers and power actuating systems.
623:Conley, Mike (September 18, 2017).
728:2007 disestablishments in Michigan
390:Fairchild's dictionary of textiles
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467:"History of Collins & Aikman"
376:New York Times - October 19, 2004
570:Hogan, Patrick (April 6, 2006).
516:Howard, J. Lee (June 16, 2003).
184:original equipment manufacturers
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20:Collins & Aikman Corporation
723:1891 establishments in Michigan
387:Wingate, Isabel Barnum (1979).
323:and 21 plants in 10 countries.
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76:and power actuating systems
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523:Charlotte Business Journal
258:Bloomfield Hills, Michigan
603:Albemarle, North Carolina
577:Triangle Business Journal
262:Madison Heights, Michigan
247:Charlotte, North Carolina
651:Chase Cambria Publishing
550:Crain's Detroit Business
495:Crain's Detroit Business
268:Entering into bankruptcy
200:Spindale, North Carolina
684:SEC Press Releases 2010
196:Mastercraft Corporation
190:Decorative Fabric group
662:SEC Press Release 2007
339:On March 26, 2007 the
321:Southfield, Michigan
236:The Blackstone Group
152:Collins & Aikman
65:Southfield, Michigan
240:Wasserstein Perella
154:Corporation was an
141:Number of employees
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304:. The fate of the
469:. FundingUniverse
432:Good Housekeeping
400:978-0-87005-198-2
302:Montgomery County
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110:$ 102.00 million
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204:Jacquard fabrics
170:Business summary
131:$ 57.00 million
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100:Operating income
89:$ 3.983 billion
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306:El Paso, Texas
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634:. Retrieved
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61:Headquarters
25:Company type
335:SEC lawsuit
160:convertible
707:Categories
352:References
328:High Court
164:Chapter 11
156:automotive
121:Net income
39:Auto Parts
294:Albemarle
282:Farmville
298:Old Fort
72:Products
35:Industry
695:Law 360
315:-based
290:Roxboro
218:History
177:tonneau
81:Revenue
53:Defunct
45:Founded
29:Defunct
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212:Sherpa
135:(2005)
114:(2005)
93:(2005)
638:2018
610:2018
585:2018
557:2018
531:2018
503:2018
475:2018
395:ISBN
300:and
238:and
230:The
56:2007
48:1891
341:SEC
198:of
133:USD
112:USD
91:USD
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456:^
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.