Established in 1944, Franklin Braid Manufacturing Company specializes in the manufacturing of braided drawstrings. The company serves the garments, medical, marine and bags industries. It has more than 125 employees and over 80,000 square feet of office and manufacturing space. The company offers various types of elastic, including drawstring elastic, insert, furniture products and general garment elastic. Additionally, Franklin Braid Manufacturing Company provides elastic for the medical trade. The company is located in Emporia, Va., and is a subsidiary of Wayne Industries, one of the leading producers of woven tapes and specializes in lightweight webbing and specialty coating on narrow fabrics.