Alice Manufacturing diversifies, rebrands.

A former lynchpin in the fabric of the Upstate textile industry, Alice Manufacturing closed the doors of its 50-year-old Ellison plant in 2018 in response to what the company called "a flood of imports from producers in non-market companies."

Three years later, Alice has transformed itself with a new name and new mission.

Shorted to Alice Co., the company's name delineates a shift from its roots in fabric and yarn production to a more diversified portfolio an investment firm that partners with entrepreneurs pioneering the nation's innovation economy, according to a news release.

The company is led by president and CEO E. Smyth McKissick IV, who returned to the business started by his great-great-grandfather after earning an MBA from Columbia Business School and working at management consulting firm McKinsey & Co. McKissick also has an undergraduate degree in finance and economics from the University of Georgia.

"I am honored and humbled to take over as the fifth-generation leader at Alice," McKissick said in the release. "Although our history spans nearly a century, I feel like I am taking the reins of a very young business. We are hungry and we are excited to hunt for opportunity to drive the mutual success of our company and partners."

His father, E. Smyth McKissick III, will continue to lead the company as chairman of the board. Chief Financial Officer Robert...

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