Shawmut LLC, a subsidiary of Shawmut Corporation, a global textile solutions provider based in West Bridgwater, Mass., announced the acquisition of warp-knitting supplier, Fairystone Fabrics, by its newly formed affiliate, Shawmut Infinite. Shawmut Infinite will operate in Burlington, N.C., as a stand-alone supplier of contract knitting and warping services to the industry and will retain Fairystone’s management team and 100% of its workforce.
Over the next two years, Shawmut Infinite will invest $8 million to upgrade the facility’s knitting, warping and fabric prototyping systems. When the upgrade is complete, Shawmut Infinite will mass produce automotive interior and industrial warp knits.
“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, and for deploying new digital tools that enable big leaps forward in productivity and innovation,” says James Wyner, Shawmut CEO. “It’s just one more way in which Shawmut is enhancing its position as a preferred global partner to automotive and industrial OEMs.”
Founded in 1916, Shawmut is a fourth-generation, family-owned global corporation that employs over 800 workers in eight manufacturing plants and six commercial offices across North America, Europe and Asia.
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