PRESS RELEASE

Richloom Fabrics Group is please to announce the sale of a portion of its Richloom Home Fashions Division to Keeco Home.  Keeco will assume the responsibility of selling most of the retail accounts that Richloom’s Home Fashions Division previously serviced.  Richloom’s Home Fashions Division will retain certain retail accounts as well as its growing R-BED/Hospitality brand.

The deal which was signed last week will give Richloom much needed space at its Clinton distribution center to accommodate its growing fabric business.  Richloom has seen steady growth in its fabric divisions over the past 18 months and this transaction will give Richloom the ability to reinvest and modernize.