High Point, N.C.-based Culp Inc. plans to expand its mattress fabrics business in Stokesdale, N.C., investing at least $450,000 to add cut-and-sew operations and adding 129 jobs. The company has begun preparing a manufacturing facility across the street from its existing weaving facility in Stokesdale and anticipates starting up the new operation this fall. The ultimate total investment could exceed $900,000.
Culp comprises two divisions: Culp Home Fashions including knitted and woven mattress fabrics, with manufacturing facilities located in High Point and Stokesdale as well as in Canada; and Culp Upholstery Fabrics, with manufacturing located in High Point, China and Poland. The company's current workforce at its North Carolina facilities numbers more than 410 people.
The mattress fabrics business has grown over the last several years, from representing a 20-percent share of the company's total business in 2000 to 57 percent in 2011. The company claims to have the leading U.S. market share in both businesses and realized net sales of $254.4 million in fiscal year 2012 — up 17.4 percent from 2011 and including $145.5 million in mattress fabric sales, an 18.9-percent increase for the year in that business.