# Thrace Group sells Thrace Linq site for $14.5M after closure

Thrace Group completed the sale of its Thrace Linq Inc. industrial property in Summerville, South Carolina, to an affiliate of GFI Investors for $14.5 million, following the permanent cessation of operations at the subsidiary.

- Type: Closure
- Announced: 2020-06-23
- Where: Summerville, South Carolina, United States
- Value: $14.5M
- Status: completed
- Products: nonwoven fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Thrace Group](https://endata.com/companies/2099.md)
- [Thrace-LINQ](https://endata.com/companies/2098.md) (target)
- [GFI Investors](https://endata.com/companies/48070.md) (partner)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/thrace-group-sells-thrace-linq-site-for-145-million/), 2020-06-23: "the sale and transfer of the privately owned industrial property located in Summerville, SC, has been completed."

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