OPINION BY JUDGE MENCER, August 28, 1973:
Jubilee Knitting Mills, Inc. (Jubilee) is a Pennsylvania corporation, a wholly owned subsidiary of Triumph Hosiery Mills, Inc. (Triumph), also a Pennsylvania corporation, which was organized for and engaged in the manufacture of ladies' hosiery and knitwear apparel. From its inception until June 30, 1965, Jubilee manufactured ladies' seamless hosiery and knitwear apparel in Pennsylvania and sold the manufactured products exclusively...
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