StaplCotn Purchases 50% Stake in Mississippi Textile Operation
Staple Cotton Cooperative Association (Staplcotn) announced that it recently purchased a 50% stake in Gary Beall Enterprises, LLC, which conducts business as TJ Beall Company.The transaction was completed effective March 31, 2018. TJ Beall Company manufactures and supplies an array of natural cotton fibers for the nonwovens, traditional textiles, technical textiles and paper industries. The company currently produces and supplies recycled cotton fibers, greige premium cotton fibers and an assortment of absorbent cotton raw materials. Wildwood Gin, LLC, a Money, Mississippi-based company, owns the other 50% stake in Gary Beall Enterprises, LLC.