COMPETITORS ATTRACT

Magnet Group, Alpharetta, GA, the holding company for such promotional products businesses as Magnet LLC, Benchmark Industries, PhoneCard Express, and Perfect Promotional Products, acquired Professional Towel Mills. Abbeville, SC-based Professional Towel Mills manufactures beach, golf, kitchen, bath, and sport towels, custom terry cloth products, infant items, and blankets. The company “operates the only domestic mill designed exclusively for the manufacture of printable toweling for our industry,” boasts Magnet Group ceo Bill Korowitz.