Québec, Canada-based Duvaltex Inc. has acquired Grand Rapids, Mich.-based True Textiles Inc. including all of its business units — True, Guilford of Maine and Teknit. The purchase makes Duvaltex the largest manufacturer of commercial or contract interior fabrics in the United States and Canada.
“This acquisition brings together two of the industry’s most established and successful companies, recognized for their dedication to innovative product design and commitment to sustainability,” said Alain Duval, president, Duvaltex. “The True Textiles brands are respected worldwide, and we are looking forward to continuing to maintain that reputation, while also exploring new opportunities for growth and diversification. We believe customers of all of the brands will see the benefits as we move forward to this exciting new chapter for both companies.”
March/April 2016
