M&A Deal Summary

Artistic Milliners Acquires Cone Denim

On September 18, 2025, Artistic Milliners acquired apparel/textiles company Cone Denim from Elevate Textiles

Acquisition Highlights
  • This is Artistic Milliners’ 1st transaction in the Apparel/Textiles sector.
  • This is Artistic Milliners’ 1st transaction in the United States.
  • This is Artistic Milliners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2025-09-18
Target Cone Denim
Sector Apparel/Textiles
Buyer(s) Artistic Milliners
Sellers(s) Elevate Textiles
Deal Type Divestiture

Target

Cone Denim

Greensboro, North Carolina, United States
Cone Denim delivers unparalleled expertise and advanced denim capabilities that service and inspire the global market. Cone offers unique collections of Performance, Stretch, Selvage, and Distilled Indigo™ denims crafted out of the Cone® 3D R&D incubator. Cone Denim was formed in 1891 and is headquartered in Greensboro, North Carolina.

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Buyer(S) 1

Buyer

Artistic Milliners

Karachi, Pakistan

Category Company
Founded 1949
Sector Diversified
DESCRIPTION

Artistic Milliners is a global business conglomerate that operates 17 state-of-the-art facilities in Pakistan, along with four international sourcing and manufacturing hubs in Mexico (AM Mexico) and the United States (Star Fades International). Artistic Milliners was formed in 1949 and is headquartered in Karachi, Pakistan.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Elevate Textiles

Greensboro, North Carolina, United States

Category Company
Sector Apparel/Textiles
DESCRIPTION

Elevate Textiles is a global, diversified provider of textile solutions across performance & specialty apparel fabrics, advanced uniform fabrics, technical commercial fabrics and engineered automotive components. Elevate Textiles businesses include: Burlington, Cone Denim, Safety Components and Carlisle Finishing. Elevate Textiles is based in Greensboro, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector: Apparel/Textiles M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: North Carolina M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-26 American & Efird

Mount Holly, North Carolina, United States

American & Efird is a manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. Producers of apparel, automotive components, home furnishings, medical supplies, footwear and a diverse range of industrial products rely on A&E industrial sewing thread to manufacture their products. Customers select A&E as the preferred choice for industrial sewing thread, embroidery thread and technical textiles because of A&E’s dedication to providing its customers with the finest products and services, at the highest quality, delivered globally. Through its global network, A&E’s products are manufactured in 21 countries, distributed in 50 countries and sold in over 100 countries.

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