Riegel Paper Corporation - Specimen Stock Certificate

Specimen Stock printed by American Bank Note Company.

The Riegel Textile Corporation has a rich history that dates back to 1838 when the Pendleton Manufacturing Co. was established in South Carolina. The company’s modern corporate identity took shape in the early 20th century under the leadership of Benjamin DeWitt Riegel, a prominent New York businessman. In 1905, Riegel funded the Ware Shoals Manufacturing Company, which later became a significant player in the textile industry.

Throughout the late 1940s, Riegel consolidated various interests, including the Trion Company in Georgia, to form the Riegel Textile Corporation. This consolidation solidified the company’s position as a key industrial pillar in the Southeast. Riegel’s commitment to its workforce was evident in the construction of “model towns” like Ware Shoals and Trion. These towns provided essential amenities such as schools, churches, and department stores to support the company’s massive workforce.

During its peak years, Riegel was renowned for its diverse range of textile products. From cotton duck cloth and denim to specialized items like surgical towels and high-end linens for the hospitality industry, Riegel’s products were celebrated for their exceptional color retention and durability. This innovation made Riegel’s products the preferred choice for major hotel chains like Marriott and Hilton.

However, the company faced intense competition from low-cost imports in the 1980s, which led to a decline in its fortunes. In 1985, Riegel Textile Corporation was acquired by Mount Vernon Mills. While the original massive mills in towns like Ware Shoals have since closed, the Riegel name continues to thrive as a brand under the ownership of 1Concier. This brand has undergone several acquisitions and mergers in the 21st century, ensuring its enduring presence in the textile industry.