January 22, 2022

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Aaron Feuerstein, Mill Proprietor Who Refused to Go away, Dies at 95

Aaron Feuerstein, Mill Owner Who Refused to Leave, Dies at 95

However no good deed goes unpunished, and Mr. Feuerstein’s rebuilding efforts left Malden Mills saddled with debt, whilst Polartec gross sales soared within the late Nineties. In 2001 the corporate went into chapter 11; it emerged, two years later, with a restructuring plan that stripped Mr. Feuerstein of his administration roles. His try to purchase the corporate again was rejected by the brand new board, and he left in 2004.

“I used to be one of many few combating to maintain employment right here. It actually was a really troublesome and shedding battle,” he instructed The Globe in 2015. “I turned one of many victims in the long run.”

Aaron Mordechai Feuerstein was born on Dec. 11, 1925, in Boston. His grandfather, Henry Feuerstein, had based Malden Mills in 1907, and his father, Samuel, had later taken it over. His mom, Miriam (Landau) Feuerstein, was a homemaker.

His first spouse, Merika, died in 1984, and his second spouse, Louise, died in 2013. He’s survived by his youngsters, Daniel, Raphael and Joyce; his sister, Juliet Korngold; and 6 grandchildren.

He attended Boston Latin Faculty and Yeshiva College, the place he studied English and philosophy. He joined Malden Mills instantly after graduating in 1947. The corporate, which made upholstery and different textiles earlier than growing Polartec, moved to the Lawrence plant within the Nineteen Fifties.

Mr. Feuerstein’s father based the Younger Israel synagogue in Brookline, Mass., the place his household lived. Simply over a 12 months earlier than the hearth at Malden Mills, {an electrical} brief on the synagogue began a hearth that destroyed a lot of the constructing. Mr. Feuerstein donated $1 million to rebuild it.

Malden Mills didn’t survive lengthy after Mr. Feuerstein left. The brand new house owners moved Polartec manufacturing to New Hampshire and Tennessee within the late 2000s, and in December 2015 — on the eve of the twentieth anniversary of the hearth — introduced that the manufacturing unit would shut on the finish of the 12 months.

At present the constructing homes a number of small companies, together with a brewery, a hydroponic farm and a 3-D printing facility.

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