[2] The company made over 10,000 products and was an industry leader in manufacturing blankets, pillows, mattress pads, and comforters.

[4] In September 1997, Pillowtex acquired the Fieldcrest-Cannon bedsheet company of Kannapolis, North Carolina for US$700 million in cash and stock.

Pillowtex spent a further $133 million to consolidate operations, update plants to lower manufacturing costs and implement new information technology systems.

The bankruptcy announcement also included an agreement for Pillowtex assets to be sold to GGST LLC, a joint venture of four liquidation companies (SB Capital Group, Gibbs International, Gordon Brothers Retail Partners and Tiger Capital Group), for $56 million, subject to bankruptcy court approval.

[7] The UNITE textile workers union issued a statement blaming job layoffs on free-trade legislation, making American companies uncompetitive.

[8] On October 7, 2003, Pillowtex won approval from a bankruptcy court judge to sell company assets, including machinery and brands, to GGST LLC for $128 million.

Beginning in June 2005, workers of the D.H. Griffin Wrecking Company began the demolition of Plant 1 in Kannapolis, an area the size of The Pentagon.

In November 2005, the eastern half of the Towel Distribution Center was imploded, and the main office building was completely demolished by the end of the year.

[2] Oak Point Partners acquired the remnant assets of the Pillowtex Liquidating Trust in February 2012.