# Shawmut LLC acquires Fairystone Fabrics, forms Shawmut Infinite

Shawmut LLC acquired Fairystone Fabrics through newly formed affiliate Shawmut Infinite, which will operate in Burlington, N.C. Shawmut Infinite plans to invest $8 million over 24 months to retrofit the facility with advanced knitting and warping systems.

- Type: Acquisition
- Announced: 2024-09-10
- Where: Burlington, North Carolina, United States
- Value: $8.00M
- Status: announced
- Products: warp knits, automotive interior textiles, industrial textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Shawmut Corporation](https://endata.com/companies/7621.md) (acquirer)
- [Fairystone Fabrics](https://endata.com/companies/79735.md) (target)
- [Shawmut Infinite](https://endata.com/companies/79736.md) (acquirer)

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2024/09/shawmut-corp-acquires-fairystone-fabrics-creates-new-high-tech-knitting-firm-shawmut-infinite/), 2024-09-10: "The Fairystone acquisition marks the realization of Shawmut's long-standing vision for operating a fully integrated textile and textile composite supply chain in North America."
- [shawmutinfinite.com](https://shawmutinfinite.com/shawmut-creates-new-high-tech-knitting-firm-shawmut-infinite/), 2024-10-25: "The Fairystone acquisition marks the realization of Shawmut’s long-standing vision for operating a fully integrated textile and textile composite supply chain in North America."

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