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Glen Raven, Inc. closed its acquisition of Sunbury Textile Mills, a market leader in decorative jacquard fabrics. Financial terms were not disclosed. Sunbury becomes a wholly owned subsidiary of Glen Raven.
Glen Raven, a performance fabric provider, signed a letter of intent to acquire Sunbury Textile Mills, a decorative jacquard fabric designer and manufacturer. Sunbury will become a subsidiary of Glen Raven Custom Fabrics LLC.