La Jolla, CA (PRWEB) October 1, 2008
CONSOR has been asked to undertake an intense marketing and sales initiative for the remaining intellectual property and intangible assets of Dan River. The company is known as the leading manufacturer and marketer of textile products.
Founded in 1882 in Danville, Virginia, Dan River is known as the leading manufacturer and marketer of textile products in both the home fashion and apparel fabrics markets. In the midst of WWII, Dan River worked overtime to produce fabrics for both civilian and military needs, which led to further growth and expansion through the 1950's and 1960's.
The 1980's were another period of change for Dan River, with a shift of focus away from their primary market of apparel fabrics to manufacturing and marketing home fashions. Acquiring the assets of The New Cherokee Corporation in 1997, allowed Dan River to become the leading producer of lightweight yarn-dyed woven fabrics in the Western Hemisphere.
Over the last decade the increasing availability of high quality products from lower cost suppliers overseas, has led to the closing of many textile factories in the United States. Despite the attempt to compete globally with the sale of Dan River in 2005 to the Indian based GHCL LTD Company, Dan River has now been forced to close its doors.
Assets for Sale:
The Dan River name: A company with 126 years of history and known as the leading manufacturer and marketer of textile products in both the home and fashion apparel market, Dan River is a name everyone knows.
The No Trace Patents: 6,861,520 and 7,109,324. These patents cover the application of cyclodextrins to cellulosic textiles and the products made using such textiles. The chemistry creates an odor trapping and neutralizing system that can be recharged with a simple rinse or wash. Applications include hunting apparel, military apparel, athletic apparel, institutional bedding, undergarments, pet bedding and much more.
Bed-in-a-Bag: This widely available system of packaging sheets, pillow cases, duvet covers and dust ruffles in a single easy-to-purchase bag is covered by two trademarks.
The Design Library: Over a century's worth of original hand painted designs and vintage textiles purchased from design libraries in France, Italy, Israel, London, New York and many others. Original hand painted designs Copyrighted by Dan River. Also includes proprietary weaves including loom instructions for hundreds of apparel, linen, and bedding lines.
Purchase or license any or all of the assets in the Dan River IP portfolio.
Dan River and its assets represent a rare opportunity for a bankruptcy acquisition. While unfortunately in recent years, there have been many bankruptcies and liquidations in the American textile industry the Dan River name and its patented technologies and design library offer an acquisition opportunity with both unusual breadth and depth.
The marketing of these valuable assets will be conducted over the next several months, with a final auction date yet to be determined. For more information, please contact Daryl Martin at 800.454.9091 x214 or Gabe Fried at 617.458.9355