Connecticut Wool Mill to Reopen Under New Owner
June 27, 2014

A buyer has come forward for a wool mill in Stafford Springs, Conn., that was one of the last of its kind in the country when it stopped production last year.

The American Woolen Company is in the process of purchasing the Warren Mills complex, which operated for 160 years before closing in December. Loro Pianna, an Italian luxury cashmere and wool apparel company, owned the mill for the last 26 years. It was previously known as Warren of Stafford.

Jacob Long, the new owner, has never worked in the textile industry. His background was in investment banking, and, for the past six years, in distressed investing, in which finance firms buy failing companies in hopes of turning them around. It was there that he saw Italian textile operations up close.

Long said he expects to hire back about 20 weavers at first. He's already brought on the three managers who ran the mill under the previous owner. He says that with the acquisition, he will reintroduce luxury worsted and woolen textile manufacturing to the United States.