Home / Knowledge / News / Textiles / Duvaltex buys contract textiles maker True
Duvaltex buys contract textiles maker True
17
Feb '16
Developer of innovative textiles, Duvaltex Inc said it has acquired True Textiles Inc, which includes its business units like True, Guilford of Maine and Teknit.

“Duvaltex also currently owns Victor Textiles Inc., a leading North American textile manufacturer,” a press release from Duvaltex stated.

As a result, Duvaltex has become the largest manufacturer of commercial or contract interior fabrics in the US and Canada, serving the office furniture, institutional, healthcare and hospitality industries.

According to Duvaltex, this acquisition will provide significant value to the customers of both Victor Textiles and True Textiles, which will continue to operate as independent business units.

“The companies will maintain the same commitment to quality, emphasis on unique products, and focus on customer service that has made them industry leaders,” it added in the press release.

Duvaltex management expects the company as well as its customers to benefit from opportunities to create synergies and efficiencies across the organisation.

“The company plans to improve each operation's competitive positioning by leveraging the individual strengths of each business unit across the organisation,” the company informed.

True Textiles offers high performance fabrics for applications such as panel, upholstery, acoustic and privacy curtains, to multiple market segments including corporate, healthcare, education, and hospitality.

True Textiles is vertically integrated and has expertise in fabric design, yarn production, weaving, weft knitting, finishing and performance enhancements.

The company offers an industry leading open line assortment through the Guilford of Maine collection, and unique weft knitted solutions through Teknit.

Victor Textiles is a North American-based textile company specialising in sustainable and innovative fabrics designed for the corporate, healthcare, apparel, and specialty markets.

The company operates state-of-the-art mills in several Canadian locations, a design studio in New York City, and utilises service-and-warehouse facilities in Grand Rapids, Michigan.

Founded in 1947, family-owned Victor Textiles has a long history of servicing the North American textile and office furniture industries with environmentally responsible fabrics.

"This acquisition brings together two of the industry's most established and successful companies, recognised for their dedication to innovative product design and sustainability," Duvaltex president Alain Duval said.

"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,” he added.

“We believe customers of all the brands will see the benefits as we move forward to this exciting new chapter for both companies,' Duval observed. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Indian textile & apparel exports fall 13% in Jan 2018

Textiles | On 17th Feb 2018

Indian textile & apparel exports fall 13% in Jan 2018

A decline of 13 per cent year-on-year has been observed in the...

Brazilian cotton prices move up in first fortnight

Textiles | On 17th Feb 2018

Brazilian cotton prices move up in first fortnight

Cotton prices rose in Brazil in the first fortnight of February, as...

Courtesy: OrganoClick

Textiles | On 17th Feb 2018

OrganoClick introduces OrganoTex for water repellency

OrganoClick has introduced OrganoTex, a textile impregnation product...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Urmil Arya

Sushila International, a well established textile organisation established ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.3%
No
12.9%
Skip
16.8%

Total Votes: 101

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.4%
No
29.7%
Skip
6.9%

Total Votes: 101

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.1%
No
8.9%
Skip
3.0%

Total Votes: 101

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.2%
No
7.9%
Skip
8.9%

Total Votes: 101


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search