The Amoskeag Company was a privately owned American holding and operating company. It was calved off from the

Amoskeag Manufacturing Company The Amoskeag Manufacturing Company was a textile industry, textile manufacturer which founded Manchester, New Hampshire, United States. From modest beginnings it grew throughout the 19th century into the largest cotton textile plant in the world. ...

(AMC) of

New Hampshire New Hampshire is a U.S. state, state in the New England region of the northeastern United States. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec t ...

in 1925, which went bankrupt a decade later. Through its subsidiary the

Pillowtex Corporation Pillowtex Corporation was a United States textile manufacturing company from 1954 to 2003. Beginning as a pillow manufacturer, the company diversified and manufactured bedsheets under various brand names. The company was officially declared bank ...

it was the last owner of the Fieldcrest Mills in

North Carolina North Carolina () is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia and So ...

. When AMC profits declined in the mid-1920s, the Amoskeag Company was created as a shelter in order to transfer all of the profits from the manufacturing company's booming years clear both of that firm's operational needs and possible business failure. When AMC declared bankruptcy in 1936 that money was untouchable, allowing the holding company to continue unaffected. The company was reincorporated into a holding company in 1965 based out of Boston, MA. Amoskeag later merged with

Fieldcrest Cannon The Cannon Mills Company was an American textile manufacturing company based in Kannapolis, North Carolina, that mainly produced towels and bed sheets. Founded in 1887 by James William Cannon, by 1914 the company was the largest towel and shee ...

in mid-1993, which was later purchased by Pillowtex. The Pillowtex Corporation filed a

Chapter 11 Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, wheth ...

bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ...

petition in the United States Bankruptcy Court on July 20, 2003, bringing an end to the Amoskeag Company as a brand. A liquidating plan was confirmed, which created the Pillowtex Liquidating Trust. Oak Point Partners acquired the remnant assets of the Pillowtex Liquidating Trust in February 2012.Oakpointpartners.com
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References

{{reflist Holding companies of the United States Holding companies established in 1831 Companies based in Boston Amoskeag Manufacturing Company