Home / Knowledge / News / Textiles / Glen Raven buys John Boyle & Astrup Comp
Glen Raven buys John Boyle & Astrup Comp
23
Jan '08
Glen Raven, Inc., a global provider of performance fabrics, is continuing to pursue a growth and innovation strategy with the announcement of plans to purchase The Astrup Company and John Boyle & Company. This newly-formed alliance will create opportunities for growth and enhanced channel efficiency.

"Glen Raven remains committed to growing and supporting the industrial fabric industry," said Allen E. Gant, Jr., president of Glen Raven.

"Merging Glen Raven's resources with those of Boyle and Astrup will create a stronger, more diversified organization that is capable of providing enhanced value throughout the entire supply chain. This strategic initiative will allow us to grow each of the markets we serve by working more directly with our customers."

Glen Raven has signed letters of intent to purchase The Astrup Company and John Boyle & Company, subject to due diligence and approval by the boards of directors of the privately held companies.

Astrup and Boyle are among the nation's largest distributors of fabrics, hardware and finishing supplies for the awning, marine and casual furniture industries. Included in Boyle and Astrup product lines are performance fabrics made by Glen Raven, including its market-leading Sunbrella brand.

"The Astrup Company and Glen Raven have been business partners for more than 100 years and share similar histories of growth and innovation," said John Kirk, chairman and CEO of Astrup. "Given our long history as business partners and our shared values, we could not find a better organization than Glen Raven to purchase our company and continue our traditions of service and quality."

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

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

Marcel Alberts
Eurofibers

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X