Spools of thread in a textile factory.

New owner, new management.

On Wednesday, Milliken & Co. named Steve Layton president of its newly acquired Polartec business. Gary Smith, chief executive officer of Polartec, will be exiting the brand.

Layton, who joined Milliken in June, will spearhead the integration of Polartec’s fabrics for outdoor apparel and military uses into the Milliken family. He will also oversee the ongoing management of the business.

“Steve brings extensive textile market knowledge and strategic business acumen to lead Milliken’s Polartec business,” said Jeff Price, president of Milliken’s Performance and Protective Textiles division. Layton was formerly vice president of sales and marketing for Milliken’s Westex flame-resistant textiles business. Before joining Milliken, he was an adjunct professor at Clemson University for six years.

“Appointing an individual of Steve’s caliber is a prime example of the capability of Milliken & Company to foster the Polartec brand,” Smith said. “I look forward to introducing Steve to our global team and customers.”

Milliken purchased Polartec from Versa Capital Management for an undisclosed sum earlier this month.