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Wangaratta Woollen Mills, on the site that it is today, was officially opened in August 1923 producing high quality worsted yarns and was soon acknowledged to be the most progressive spinner of high quality knitting yarns, growing to become Australia's largest mainland mill. In 1998 ACS experienced further growth with the acquisition of Yarra Falls and in 2000 ACS acquired Patons Australia and Shepherd of New Zealand. Since that date, resulted in the formation of Australian Country Spinners (ACS) through the merger of Wangaratta Woollen Mills, many key changes have taken place which in 1991, Cleckheaton and Panda Yarns.
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