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To: Manfred who wrote (36773)	12/30/1998 3:03:00 PM
From: EyeDrMike	Respond to of 119973

Worldtex Completes Acquisition of Narrow Elastic Facility From Fruit of the Loom BusinessWire, Wednesday, December 30, 1998 at 12:39 HICKORY, N.C.--(BUSINESS WIRE)--Dec. 30, 1998--Worldtex, Inc. (WTX:NYSE) said that it had completed its previously announced acquisition of the Lexington, S.C. narrow elastic fabric manufacturing facility of Fruit of the Loom for an undisclosed cash payment. In connection with the acquisition, Worldtex entered into a long-term agreement to supply narrow elastic fabrics to Fruit of the Loom. Worldtex produces covered elastic yarn and narrow elastic fabrics. Covered elastic yarns are increasingly woven or knitted into fabrics for a growing number of applications in modern apparel and home furnishings, where their dynamic stretch capabilities offer durability, shape retention, enhanced styling and -- most important of all -- comfort. Narrow elastic fabrics are used as apparel components -- such as elasticized waistbands for men's and boys' underwear, our patented QuikCord(R) in athletic wear and as straps, facings, edgings and waistbands in women's intimate apparel, as well as for elastic waistbands and thigh-high bands in women's hosiery.