Adams-Millis Corporation

The Adams-Millis Corporation was founded by John Hampton Adams and James Henry Millis in 1904 and became a leading hosiery manufacturer. Headquartered in High Point, N.C., the company by 1988 employed over 3,500 people and operated 16 factories under the leadership of its chairman and chief executive officer, James H. Millis, Sr. At that time one of its major clients was the Sara Lee Corporation, for which it produced Hanes brand socks. The idea of Sara Lee's acquiring Adams-Millis first arose in 1985 and meetings between Sara Lee and Adams-Millis officials concerning the prospect began in late 1986. The concept came to fruition in October 1988, when Adams-Millis's stockholders approved the acquisition agreement reached in June of that year.

The Adams-Millis Corporation, a hosiery manufacturer, was founded in 1904 with headquarters in High Point, N.C. Adams-Millis produced socks for a number of different companies. One of its major clients was the Sara Lee Corporation, for which it manufactured Hanes brand socks. The idea of Sara Lee's acquiring Adams-Millis arose in 1985, when Adams-Millis was under the leadership of chairman and chief executive officer, James H. Millis, Sr. Serious meetings between Sara Lee and Adams-Millis officials concerning the prospect began in late 1986. The concept came to fruition in October of 1988, when Adams-Millis's stockholders approved the acquisition.