Quebec-based holding company Duvaltex Inc., specializing in textile innovation and development, announces its acquisition of True Textiles Inc. of Grand Rapids, Mich. The acquisition includes all of True Textiles’ business units—True, Guilford of Maine and Teknit.
As a result, Duvaltex becomes the largest manufacturer of commercial or contract interior fabrics in the U.S. and Canada, serving the office furniture, institutional, healthcare and hospitality industries. Duvaltex also owns textile manufacturer Victor Textiles Inc. Victor Textiles and True Textiles will continue to operate as independent business units.
True Textiles provides high-performance fabrics for applications such as panel, upholstery, acoustic and privacy curtains; its market segments include corporate, healthcare, education, and hospitality. True Textiles works in fabric design, yarn production, weaving, weft knitting, finishing and performance enhancements.
Victor Textiles specializes in sustainable and innovative fabrics designed for the corporate, healthcare, apparel and specialty markets. The company operates mills in several Canadian locations, a design studio in New York City, and utilizes service-and-warehouse facilities in Grand Rapids, Mich.