On May 22, 2006, Avondale Mills' CEO, Robert Williams Sr., announced that his firm would close all its plants, corporate and sales offices no later than July 25, throwing more than 4,000 workers across four states out of work. Mr. Felker cited the 2005 derailment as the primary reasons for the company's failure. The wreck knocked out the Gregg plant of Avondale mills, which was a key pillar to the survival of the company in a shrinking United States textile market. The plant accounted for 40% of the company's sales.