Glen Raven Technical Fabrics to merge headliner fabric operations with Shawmut Corporation
GLEN RAVEN, NC, July 10, 2018-
Glen Raven, Inc., a global provider of performance fabrics, announced that its Glen Raven Technical Fabrics operating division has agreed to terms to merge the division’s automotive headliner and specialty industrial fabrics business with Shawmut Corporation, a global leader in developing high-performance composites.
The transaction is a logical evolution for Shawmut Corporation and Glen Raven Technical Fabrics (GRTF), a global provider of innovative, technical fabric solutions. Shawmut and GRTF’s 18-year strategic relationship has redefined standards for quality and technical support in the industry and earned them an undisputed NAFTA market leadership position. The merger will fully integrate Shawmut’s market-leading composite development capabilities and global lamination platform with Glen Raven’s world-class specialty industrial fabrics operation.
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