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BIDDEFORD TEXTILE CORPORATION -- Biddeford, Maine
For over 150 years, the state's mill operations have primarily been owned
by outside investors and profits have been reaped elsewhere. Biddeford
Textile Corporation, a blanket-making factory in Biddeford, Maine, was no
exception to rule. But when local business investors, the mill's
management, its employees and labor union all came together to buyout the
most recent investor -- this time from Florida-based Sunbeam-Oster
Corporation -- for the first time, profits stayed at home. To cut costs and to
drive the company's stock price up, then Sunbeam's CEO, Al Dunlap,
threatened to shut down Biddeford, among a handful of other Sunbeam units
across the country.
TO COLUMBIA FALLS | TO HOPI RESERVATION These images captured by the Apple QuickTake 200 digital camera.
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