Fieldcrest Mills stock certificate 1965 (North Carolina) - towels and linens

Line of towels, linens, carpets! Wonderful crown logo as the vignette on the stock cert of this well-known company. Issued and cancelled. Dated 1965. Measures approximately 12 x 8 inches.

Fieldcrest Mills was a historic American textile company, known for quality bedding, towels, and rugs, founded in North Carolina by B.F. Mebane and later becoming part of Marshall Field & Co. and then Fieldcrest Cannon, Inc.. After mergers and acquisitions, the brand eventually ended up with Iconix Brand Group and is now primarily sold as an exclusive home textiles brand at JCPenney, offering bedding, bath items, and more, continuing its legacy of accessible luxury.

By 1953 Marshall Field & Co. was eager to expand its stores, especially in the emerging suburban landscape. To raise enough capital, the company sold its mill operations (including its carpet mills, including Karastan carpets) to Amoskeag Co. Fieldcrest Mills, Inc., was incorporated in September 1953; its sales were $39 million. Fieldcrest grew through the mid­1960s via a series of acquisitions and improvements, and by 1967 those costs totaled $82.3 million. At that time the Fieldcrest division, which produced blankets, bedspreads, sheets, and towels, comprised 65 percent of the company’s sales, while the Karastan division, which produced Karastan and Laurelcrest carpets, contributed 20 percent. Sales that year were $175.3 million.

Origins:
Founded in 1893 by Benjamin Franklin Mebane in Spray, North Carolina, initially growing by building new mills annually.

Marshall Field Era:
Became a subsidiary of Marshall Field & Company in 1912, later renamed and incorporated as Fieldcrest Mills (1953)

Fieldcrest Cannon:
In 1986, Fieldcrest merged with Cannon Mills, forming Fieldcrest Cannon, Inc..

Acquisitions & Bankruptcy:
The company faced challenges, leading to its sale to Pillowtex Corporation in 1997, which later filed for bankruptcy in 2000, causing major job losses in North Carolina.

Product descriptions and images

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