Staple Cotton Cooperation Association(Staplcotn) has purchased a 50% stake in Gary Beall Enterprises, LLC, or the company commonly known as TJ Beall Company. The transaction was completed effective March 31, 2018. Wildwood Gin, LLC, a Money, MS-based company, owns the remaining 50% stake in the company.
“Staplcotn is excited to partner with Wildwood Gin and Tommy and Lawson Gary. This partnership will beneficial to TJ Beall and support Staplcotn’s core mission of enhancing our members’ incomes,” says Meredith Allen, Staplcotn’s president and CEO. “The Garys have a tremendous amount of expertise and ingenuity in the processing of cotton into quality products for the nonwoven, paper, and traditional textile industries. With global demand for cotton increasing across all cotton industrial uses, TJ Beall’s proximity to our grower-members’ production footprint, and Staplcotn’s position as a leading cotton supplier, tremendous synergies exist. The timing for this partnership is perfect.”
Staplcotn’s executive vice president, Hank Reichle, adds, “Staplcotn appreciates the work of Julian Beall, former Gary Beall Enterprises, LLC partner and CEO of TJ Beall Company. Without
the Beall family’s efforts over the past three generations, this opportunity wouldn’t exist. The TJ Beall name is synonymous with service and integrity. Those values instilled by Julian, his family, and the entire TJ Beall staff align seamlessly with the corporate culture at Staplcotn.”
“The Gary and Beall families have partnered for 35 years to innovate and expand new markets for cotton,” says Lawson Gary who became the new CEO of TJ Beall Company upon completion of the transaction. “We are sad to see Julian leave the business but truly appreciate his leaving us in excellent hands with a company that we greatly admire and have trusted to market our farm’s cotton production for many years.”
Tommy Gary, who now serves as COO/CFO of the company adds, “The new partnership with Staplcotn will enable the company to solidify its sourcing needs for cotton as well as continue our quest to innovate new uses for cotton in consumer products.”
Founded in 1921, Staplcotn is the oldest and one of the largest cotton marketing cooperatives in the U.S. It provides a range of services to its members, including cotton marketing, cotton warehousing, and agricultural financing through its lending arm, Stapldiscount. Staplcotn is a 100% producer-owned company with approximately 7000 members in the southeastern U.S. cotton belt.
TJ Beall Company is a manufacturer and supplier of an array of natural cotton fibers for the nonwovens, traditional textiles, technical textiles and paper industries. Currently, TJ Beall produces and supplies recycled cotton fibers, greige premium cotton fibers and an assortment of absorbent cot.