Glen Raven Mills will close its 130-worker yarn-spinning plant in Kings Mountain March 2 unless it can sell the plant before then.
The company had been negotiating with a potential buyer, but the deal collapsed Dec. 28. The Alamance County-based textile company has nine other plants in North Carolina and South Carolina. It purchased the Kings Mountain plant from J.P. Stevens eight years ago.Sales have been down for the company because the apparel market is soft. The plant makes yarn used in jogging suits and sweat suits, which have been hit by import competition.