Monday, June 1, 2009

An American Institution is No More

Cranston Printworks is shutting down its Massachusetts plant...and losing its title as the oldest American fabric manufacturer. It started in 1812 as part of the Samuel Slater group of companies.

So far,the company technically still exists in the U.S. It still has some warehousing going on. But I suspect they will close completely, once their fabric stocks are depleted. Company reps said fixed costs for operating in the U.S. were too high, compared to overseas prices.

What a crying shame. Read more about it here.

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