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Providence Yarn Relocates

October 18, 2010

PAWTUCKET — Weaving together past and present uses for yarns and other fibers, Providence Yarn Company, an 80- year-old family business, is soon relocating to new headquarters on Division Street.
The company has recently purchased a 24,000-square foot building to house its retail and wholesale operations at 50 Division St., relocating from its former leased space at 225 Conant St. in Pawtucket. Providence Yarn is expected to occupy and operate out of its new location in early November, and will also be holding a grand opening of its retail store, The Yarn Outlet (date to be announced).
Providence Yarn President Terry Schuster noted that the new headquarters, formerly known as the Toole Building, will be renamed the Charles Samdperil Building, in memory of her father, Charles Samdperil. He served as president of Providence Yarn from 1986 to 2005.
“Our eighty-year-old company was founded by my grandfather, Isadore Samdperil, and has been in three locations throughout its history,” she said.
According to Schuster, Providence Yarn continues today under third-genera¬tion family ownership when she succeed¬ed her late father, Charles, in 2006.
“This move will allow our company to expand both its retail knitting yarn store as well as its wholesale distribution and supply-chain partnership operations of industrial yarns, allowing us to better meet the needs of our customers,” said
Schuster. Currently, the company employs 10 people and plans to increase its workforce as its operations grow, she added.
Andrew Schuster, Terry Schuster's step-son, is employed as director of new business development, where he will be involved with the industrial yarn whole¬sale operations. This part of the business will be expanding its offerings of indus¬trial yarns and fibers for a variety of applications, including industrial, medical, geo-textile, and water filtration, as well as its traditional applications including rope, narrow fabrics, and wire and cable. Schuster noted that Providence Yarn is a supply chain partner, assisting customers with inventory management and technical solutions.
The retail store known as the Yarn Outlet will be in a bigger and brighter new space, with easy access from Division Street and ample parking. Schuster said that the store will expand the number, styles, fibers and colors of knitting yarns it provides as well as a selection of patterns and books.

“Yarn Outlet staff will be offering additional knitting classes for all knitters from beginners to experts,” Schuster said.
Schuster added that the popular “Sit n' Knit” sessions will be held in an expanded area of the retail store where there is room for participants to relax, work together, share their stories and receive help on knitting projects.
In addition, a new program, “Knit for the Needy,” will provide special discounts to customers who create knit gloves, scarves, sweaters and quilts for those in need. The collected items will be distributed through local religious groups and other organizations.
Schuster said that the com¬pany had been looking for a new location for awhile and just happened to learn that the Toole building was available. “When we saw it, we knew it was right,” she stated.” We are excited to keep our company in Pawtucket, especially with its long historical ties to the city.”
Providence Yarn does no manufacturing, so the use fit in well with the city's zoning in the riverfront district, Schuster said. The new space also offers better room and configuration for its warehousing operations, and convenient parking and truck access.
Schuster noted that former Pawtucket Planning Director Michael Cassidy, interim Planning Director Barney Heath, and Herb Weiss, the city's Economic and Cultural Affairs Officer, were very helpful to her company during the acquisition and regulatory approval process.
“On a personal level, we feel fortunate to keep the family tradition here in the city. We've always been in Pawtucket and Pawtucket has been good to us,” Schuster said.

 

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