The recent purchase of a Dothan business thought to be on its last leg will allow 275 jobs to stay in the area.
Twitchell president Jeff Register announced Wednesday that the company was bought Tuesday, allowing it to restructure debt and stay in Dothan.
“This puts us in a much stronger financial position,” Register said. “Now, our future is as bright as ever. This allows us to continue in our existing markets and hopefully expand into new ones.
"It’s safe to say the deck was stacked against Twitchell as an ongoing entity without this purchase,” Register said.
Twitchell Corporation - which has been in operation continually in Dothan since 1922 manufacturing synthetic fabrics, yarns and coatings - was purchased Tuesday by Capital Partners, LLC of Greenwich, Conn. The deal will allow the company to refinance and remain in Dothan.
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