Iowa sock maker Fox River Mills sold to private equity firm - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa sock maker Fox River Mills sold to private equity firm

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OSAGE (AP) -

A private equity firm from Texas is buying Iowa sock maker Fox River Mills.
   The family that owned Fox River for more than 40 years agreed to sell it to Dallas-based Long Water Opportunities for an undisclosed price. Employees of the Osage, Iowa-based company were told Tuesday.
   The Mason City Globe Gazette reports that Fox River will become a subsidiary of another sock maker that LongWater already owned, New Jersey-based Standard Merchandising Co.
   Fox River specializes in knitting socks and handwear under its own brand and for other companies. It was founded in 1900.
   Fox River President and co-owner John Lessard says he believes the family found a new owner that believes in U.S. manufacturing. But it wasn't immediately clear what the sale will mean for jobs in Osage.
 

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