| Type | Sociedade Anônima |
|---|---|
| Traded as | BM&F Bovespa: SGPS3 |
| Industry | Textile |
| Founded | (2005) |
| Headquarters | Montes Claros, Brazil |
| Key people | Josué Christiano Gomes da Silva,(Chairman & CEO) |
| Revenue | US$ 1.3 Billion (2010) [1] |
| Net income | - US$ 11.0 Million (2010) [2] |
| Employees | 3.980 |
| Parent | Coteminas |
| Website | www.springsglobal.com |
Springs Global (BM&F Bovespa: SGPS3) is a Brazil-based multinational corporation engaged in the manufacturing, marketing, and sale of packaged textile and non-textile home furnishings. It makes textile goods, such as sheets, pillows, bedspreads, towels and bath rugs, under the Springmaid and Wamsutta brands. Other well-known brands from Springs Global include Regal, Beaulieu, Bali, and Nanik. It operates in Argentina, Mexico, Brazil, Canada and the U.S. and has about 30 manufacturing units in 13 states of the U.S.
The previous owner, Springs Industries, combined its home textile operations with Brazil's Coteminas, and the main manufacturing operations were moved to South America from Lancaster County, South Carolina, where the original plant had provided jobs for nearly one-third of the county's population. After the relocation of manufacturing to Brazil, the resulting structure left the renamed Springs Global US to work alongside Coteminas as the operating units of parent Springs Global; most manufacturing decisions and control originate from the Montes Claros headquarters, while executive control is in the U.S.