Polartec, LLC Company Description
What keeps arctic explorers warm, and marathon runners dry? Polartec's high-tech fabrics. Formerly Malden Mills, the company makes all-season synthetic fabrics used primarily in the manufacture of performance apparel and outerwear under the eponymous Polartec brand. The textiles are found in products sold by apparel retailers such as L.L. Bean, REI, and Timberland. A fire destroyed Malden Mills' factory in 1995, and the resulting debt eventually forced the company into bankruptcy. The company filed Chapter 11 again in 2007, then decided to liquidate in Chapter 7 instead. Later that year Malden Mills' assets were sold to Chrysalis Capital Partners and they changed the name of the company to Polartec LLC.
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The Company Description provides a historical perspective of Polartec, LLC's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Polartec, LLC's evolution in the marketplace.
