Winston-Salem Journal: Bankruptcy judge approves sale of Microfibres assets to Turkish company

A U.S. Bankruptcy Court judge has approved a Turkish textile company buying the assets of defunct Microfibres Inc., including its plants in Winston-Salem. Trustee Joseph DiOrio had valued the Microfibres assets at $7.46 million, of which $3.78 million is inventory, some of which could be sold in separate transactions. Also sold were 300,000 square feet […]