<ARTICLE> 5 <LEGEND> This Schedule contains summary financial information extracted from the financial statements contained in the body of the accompanying Registration Statement and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS 6-MOS <FISCAL-YEAR-END> JAN-02-1999 JAN-02-1999 <PERIOD-START> MAY-26-1998 JAN-04-1998 <PERIOD-END> OCT-03-1998<F1> MAY-25-1998<F1> <CASH> 1,567 0 <SECURITIES> 0 0 <RECEIVABLES> 9,079 0 <ALLOWANCES> (107) 0 <INVENTORY> 17,690 0 <CURRENT-ASSETS> 28,947 0 <PP&E> 42,031 0 <DEPRECIATION> (2,730) 0 <TOTAL-ASSETS> 124,797 0 <CURRENT-LIABILITIES> 12,701 0 <BONDS> 129,000 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 0 0 <TOTAL-LIABILITY-AND-EQUITY> 30,021 0 <SALES> 193,045 29,631 <TOTAL-REVENUES> 23,745 29,631 <CGS> 23,745 18,628 <TOTAL-COSTS> 17,983 18,628 <OTHER-EXPENSES> 17,983 412 <LOSS-PROVISION> 1,190 0 <INTEREST-EXPENSE> 5,923 1,549 <INCOME-PRETAX> (4,179) 5,209 <INCOME-TAX> (1,149) 1,868 <INCOME-CONTINUING> (3,030) 3,341 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (3,030) 3,341 <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0 <FN> <F1>On May 26, 1998, Steel Heddle Group consummated the acquisition of Old Holdings (by a series of post-transaction mergers by the Company) and recorded such purchase in accordance with APB 16 "Business Combinations." Accordingly, the financial information presented for the nineteen weeks ended October 3, 1998 is not comparable with that for prior periods. </FN>