Home / Knowledge / News / Textiles / Private equity investor Banyan acquires Keystone Weaving
Private equity investor Banyan acquires Keystone Weaving
Aug '14
Home textiles and apparel fabrics producer Keystone Weaving, founded way back in 1930, after being 84 years in business, has been acquired by Miami based Banyan, a private investment firm and a majority shareholder of North Carolina-based Burlington Technologies.

Burlington Technologies has two divisions - Se7en, which provides yarn dyeing services to the apparel, military, medical and home furnishings market and BMS, which manufactures functional fabrics for corporate, healthcare, and hospitality sectors.

The deal includes the Keystone brand, business of, home textile fabrics and apparel fabrics, looms and allied textile-weaving machinery. Production of Keystone fabrics will be now transferred to Burlington headquarters in North Carolina.

Although the products manufactured by both serve the same markets, Se7en and Bentex mainly uses synthetic yarns to produce their fabrics, however, Keystone consumes natural fibre yarns such as cotton, linen and wool.

Se7en, Bentex and Keystone will remain as independent divisions and maintain the integrity of their product characteristics, Burlington Technologies said. Sales staffs and showrooms will also remain independent.

"The joining together of three excellent weavers is in perfect step with the 'on-shoring' process that is taking place in the home fabrics and furnishings arena," Banyan Chairman John Miller said in the release. "Our challenge is to take advantage of the opportunities awaiting us and our competitors."

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Textiles | On 27th Oct 2016

Fischer Konzept installs sixth Zünd digital cutter

Fischer Konzept, German developers of individual packaging solutions...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Ashok Desai
Bombay Textile Research Association

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search