Asheboro Elastics set for growth

Asheboro Elastics Corp. (AEC), a producer of knitted and woven narrow fabrics for the apparel and bedding industries, has retained Equity Partners to find new money, either debt or equity, or a strategic partner, to complement the company’s growth strategy. AEC has been working strategically over the last three years to position itself for growth in existing markets and to capitalize on opportunities in new markets. Equity Partners HG, based outside Baltimore, Md., provides investment-banking services and has completed in excess of 500 engagements throughout the United States since 1988.