Glen Raven to Acquire Sunbury Textile Mills
August 22, 2017,
GLEN RAVEN, N.C.- Glen Raven Inc., a global provider of performance fabrics, has agreed to acquire Sunbury Textile Mills, a manufacturer of decorative jacquard fabrics.
The purchase price was not disclosed in a Glen Raven statement announcing the deal, nor was a projected closing date for the transaction. Under the terms of the agreement, Sunbury will become a wholly-owned subsidiary of Glen Raven and will operate as part of Glen Raven Custom Fabrics, manufacturer of Sunbrella fabrics.
“Sunbury has been a close strategic business partner for more than 20 years,” said Allen E. Gant Jr., chairman and CEO of Glen Raven. “Sunbury’s leadership in serving the designer, decorative jobber and furniture manufacturers with premium jacquard fabrics is unparalleled. Every Sunbury customer is important to us and represents an opportunity to combine resources and be better suppliers and business partners.”
Truslow Jr., CEO of Sunbury. “We are looking forward to continuing to serve our customers with innovative solutions, superior design and unsurpassed levels of customer service as we’ve done for more than 60 years.”
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