# Shawmut Corp. to merge Glen Raven Technical Fabrics headliner fabric operations

Shawmut Corp. and Glen Raven Technical Fabrics have agreed to merge GRTF's automotive headliner and specialty industrial fabrics business into Shawmut, with Shawmut as majority owner.

- Type: Acquisition
- Announced: 2018-06-28
- Where: West Bridgewater, Massachusetts, United States
- Status: announced
- Products: automotive headliner fabrics, specialty industrial fabrics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Shawmut Corporation](https://endata.com/companies/7621.md) (acquirer)
- [Glen Raven Technical Fabrics](https://endata.com/companies/32810.md) (target)

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2018/06/shawmut-corporation-to-merge-glen-raven-technical-fabrics-headliner-fabric-operations-with-global-lamination-platform/), 2018-06-28: "The transaction is a logical evolution for Shawmut and GRTF, a division of Glen Raven Inc., whose 18-year strategic relationship has redefined standards for quality and technical support in the industry."
- [innovationintextiles.com](https://innovationintextiles.com/grtf-headliner-fabric-operations-to-merge-into-shawmut/), 2018-06-29: "Joining our automotive headliner operations into a single company will unlock the next level of synergies, support continued aggressive technology investment, streamline the global fabric innovation and development process, and reinforce Shawmut's position as the undisputed market leader in automoti"
- [specialtyfabricsreview.com](https://specialtyfabricsreview.com/2018/07/23/glen-raven-and-shawmut-merge-operations/), 2018-07-23: "Shawmut Corporation, a leader in developing high-performance composites, and Glen Raven Technical Fabrics have agreed to merge GRTF's automotive headliner and specialty industrial fabrics business into Shawmut."
- [textilemedia.com](https://www.textilemedia.com/about-us/latest-news/?start=2512), 2018-08-09: "Composites manufacturer Shawmut and Glen Raven Technical Fabrics have agreed to terms to merge GRTF’s automotive headliner and speciality fabrics business into Shawmut."
- [nutter.com](https://www.nutter.com/trending-newsroom-news-Nutter-Advises-Shawmut-Corporation-Joint-Venture-Glen-Raven-Technical-Fabrics), 2018-08-29: "The transaction fully integrates Shawmut's market-leading composite development capabilities and global lamination platform with GRTF's world-class specialty industrial fabrics operation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.