Pillowtex Corporation
Pillowtex Corporation was a United States textile manufacturing company from 1954 to 2003. It was originally a pillow, mattress pad and down or synthetic comforter maker. Pillowtex bought Fieldcrest, which made products branded Cannon, Royal Velvet, Fieldcrest, Charisma, and others.
Pillowtex filed a Chapter 11 bankruptcy petition in the United States Bankruptcy Court on July 20, 2003. A chapter 11 liquidating plan was confirmed, which created the Pillowtex Liquidating Trust.
Many of its brands were purchased by Iconix Brand Group in 2007. It was publicly traded on NYSE as PTX.
The Pillowtex brand was bought by Pacific Pillows in 2009, which manufactures and sells memory and latex foam pillows under that name.
Oak Point Partners acquired the remnant assets of the Pillowtex Liquidating Trust in February 2012.
