Steve Layton: Milliken & company’s new polartec business president

In June of this year, Spartanburg, S.C.-based Milliken & Company acquired Polartec LLC, a global brand known for its portfolio of fabric technologies for outdoor apparel from performance-driven and consumer-focused textiles to, most notably, its premium fleece products. Milliken secured these assets from Versa Capital Management LLC, which acquired the assets of the former Malden Mills, including Polartec, in 2007 through the then 101-year-old textile manufacturer’s third reorganization.