Springs Global is a Brazil-based multinational corporation engaged in the manufacturing, marketing, and sale of packaged textile and non-textile home furnishings.
It makes textile goods, such as sheets, pillows, bedspreads, towels and bath rugs, under the Springmaid and Wamsutta brands.
The previous owner, Springs Industries, combined its home textile operations with Brazil's Coteminas, and the main manufacturing operations were moved to South America from Lancaster County, South Carolina, where the original plant had provided jobs for nearly one-third of the county's population.
After the relocation of manufacturing to Brazil, the resulting structure left the renamed Springs Global US to work alongside Coteminas as the operating units of parent Springs Global; most manufacturing decisions and control originate from the Montes Claros headquarters, while executive control is in the U.S.
3 publicly held textile company in the United States,[9] as well as the largest maker of sheets with a quarter of the market.
[9] On October 21, 1986, Crosland-Erwin Associates and Springs chairman Walter Elisha announced plans for an outlet mall in the Fort Mill plant.
[2] Springs was the largest industrial employer in South Carolina[11] with $1.7 billion in sales in 1987 and 23,500 employees at 39 plants in six states plus Belgium, England and Japan.
[12] Springs was the largest employer in Chester County, South Carolina when on May 2, 1988, the company announced a $12 million plant in Fort Lawn to make comforters, draperies and other bedroom items.
[6] On February 18, 1998 Springs announced it would close the dye and printing plant opened in Rock Hill in 1929 by M. Lowenstein & Sons, laying off 480.
[6] On January 1, 2005, global textile quotas ended, allowing countries where employers paid their workers less than U.S. companies to ship more products.
[6] In October 2005, Springs announced its home furnishings operations would merge with Coteminas, in an effort to lower costs, stay competitive and keep as many jobs as possible.