Cannon Mills
American textile manufacturing company (1887–2003) / From Wikipedia, the free encyclopedia
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Not to be confused with Canonmills or Cannons Mill, Ohio.
The Cannon Mills Company was an American textile manufacturing company based in Kannapolis, North Carolina, that mainly produced towels and bed sheets. Founded in 1887 by James William Cannon, by 1914 the company was the largest towel and sheets manufacturer in the world.[1]
Quick Facts Formerly, Company type ...
Formerly | Cannon Manufacturing Company (1887–1921) |
---|---|
Company type | Private (1888–1983) |
Industry | Textile |
Founded | 1887 |
Founder | James William Cannon |
Defunct | 2003; 21 years ago (2003) |
Fate | Acquired by Fieldcrest in 1983, becoming "Fieldcrest-Cannon Corporation", sold to Pillowtex in 1997 |
Successor | Fieldcrest-Cannon (1982–1997) Pillowtex Corporation (1997–2003) |
Headquarters | , |
Key people | Charles A. Cannon (President, 1921–62) Donnell S Holt (President, 1962–64) |
Products | Towels, bed sheets |
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Cannon remained family-owned until 1982 when it was sold to David H. Murdock. Murdock sold the company to Fieldcrest in 1985, becoming Fieldcrest-Cannon. The company was sold to Pillowtex Corporation in 1997, which entered bankruptcy in July 2003. The remaining Cannon brands were purchased by the Iconix Brand Group.[2]