Changes in packaging after World War II sparked changes within the company. Products such as multiwall paper bags and canvas goods replaced some of the old products in response to new market demands. In 1956, investors bought controlling interest in the company, the nine bag manufacturing companies were sold, and in 1960 the parent company became Fulton Industries Inc.

The Atlanta mill, which remained known as Fulton Cotton Mill, continued in operation under the management of Elsas family members until 1968. In that year Fulton Industries Inc. was sold to Allied Products Corporation. Fulton Cotton Mill's last President, Meno Schoenbach, served in that position from 1971 until 1978, the year the Atlanta mill finally closed its doors.