Home / Knowledge / News / Textiles / Private equity investor Banyan acquires Keystone Weaving
Private equity investor Banyan acquires Keystone Weaving
27
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

Cotton production and exports in West Africa. Courtesy: FAS/USDA

Textiles | On 23rd Oct 2018

Record cotton production to drive West Africa exports

Cotton exports from West Africa for 2018-19 are projected to surpass...

Courtesy: Prudence Earl on Unsplash

Textiles | On 23rd Oct 2018

Sri Lanka's textile exports up 4.7% in Jan-July '18

Sri Lanka’s earnings from textiles and garments exports increased by...

Courtesy: Mario Crosta

Textiles | On 23rd Oct 2018

'Global textile machinery market may grow at 14% by 2020'

Analysts have predicted that the global textile machinery market may...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Bani Batra,

Bani Batra

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search