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Prospector
Profile
07.1210
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| Quaker Fabric Corporation |
NAICS |
311210 |
| 941 Grinnell Street
Fall River, MA 02721 |
Description |
Fabric Mills |
| (508) 678-1951 |
Employees |
1008 |
| http://www.quakerfabric.com/ |
Revenue |
(mil) |
151.6600 |
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Income |
(mil) |
-37.6300 |
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Assets |
(mil) |
160.8400 |
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Liability |
(mil) |
57.9200 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Quaker Fabric Corp. and its debtor-affiliate Quaker Fabric Corporation of Fall River filed for Chapter 11 protection on Aug. 16, 2007, with the U.S. Bankruptcy Court for the District of Delaware, case numbers 07-11146 and 07-11147, before Judge Kevin Gross.
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Intellectual Property:
The Company seeks copyright protection for all new fabric designs it creates, and believes that the copyrights serve as a deterrent to replicate its unique fabric designs. In June 1995, the Company introduced a new collection of fabrics featuring Quaker's proprietary Ankyra™ chenille yarns. In 1997, the U.S. Patent and Trademark Office issued a patent protecting the proprietary manufacturing process developed by Quaker to produce these yarns. The Company's Davol®, Quaker Ultra® and Whitaker® marks, as well as a logo form of the W® mark, are registered with the U.S. Patent and Trademark Office. Quaker's brands also include Replay™, Terrazzo™ and Quaker Global™. In addition, the Company has filed patent applications with the U.S. Patent and Trademark Office to protect its intellectual property rights in several new technologies and processes created by the Company's product development staff, including certain laminated products, Quaker's Regal™ chenilles, and a continuous washing and post-finishing process. [SEC Filing 10-K 03-30-07]
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Description:
The Company designs, manufactures and markets woven upholstery fabrics primarily for residential furniture and is a producer of Jacquard upholstery fabrics.
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Officers:
Sangwoo Ahn (Chair); Larry A. Liebnow (Pres., CEO & Dir.); Paul J. Kelly (VP-Finance); Jerry I. Porras (Dir.); Eriberto R. Scocimara (Dir.)
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Auditor:
PricewaterhouseCoopers LLP
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Attorneys:
Joel A. Waite, Esq., at Young, Conaway, Stargatt & Taylor; Wilmington, Del.; (302) 571-6600
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Securities:
Common Stock Symbol QFAB; NasdaqNM;
16,876,918 common shares outstanding as of May 14, 2007.
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