Glen Raven Inc, a global provider of performance fabrics, has signed a letter of intent to acquire Sunbury Textile Mills, a market leader in the design and manufacture of decorative jacquard fabrics. Under the agreement, Sunbury will become a wholly owned subsidiary of Glen Raven and will operate as part of Glen Raven Custom Fabrics, best known as the makers of Sunbrella fabrics.
“Sunbury has been a close strategic business partner for more than 20 years,†said Allen E. Gant Jr, Chairman and CEO of Glen Raven Inc. “Sunbury’s leadership in serving the designer, decorative jobber and furniture manufacturers with premium jacquard fabrics is unparalleled. “We have long considered Sunbury to be part of the extended Glen Raven family, and we are excited about working with them to further service all of their markets and customers,†he added.
Sunbury’s team specialises in innovative decorative jacquard upholstery fabrics targeting the design community and luxury furniture manufacturers, for both residential and contract applications. Sunbury’s designers create bespoke collections, focusing on inspirational patterns, innovative constructions and leading color trends. The company’s product lines include Sunbrella fabrics, which it designs and produces under an exclusive license with Glen Raven.