FAB Industries, Inc. - FITN- Profile

Fab Industries Inc.. The Group's principal activity is to manufacture warp and circular knit fabrics, raschel laces and laminated fabrics. The Group operates in three segments: Apparel fabrics, Home fashions and accessories and Other. Textile fabrics are sold to manufacturers of ready-to-wear and intimate apparel for men, women and children, including dresses and sportswear, children's sleepwear, activewear, swimwear and recreational apparel. Raschel Lace products are sold to manufacturers of intimate apparel through Raval Designer and Wiener Lace Divisions. Home fashions and accessories are sold primarily to manufacturers of home furnishings. Other segment includes Gem Urethane Corporation; Over the counter retail operation and Non apparel fabrics. The Group also uses its own textile fabrics internally to produce cotton jersey, flannel, comforters, sheets, blankets and other bedding products. The Group also manufactures a line of adhesive bonded products and fire resistant fabric. Apparel Fabrics accounted for 75% of 2004 revenues; Home Fashion and Accessories, 9% and Other, 16%