Textiles Monterey Group Acquires Patrick Yarns (launches FilSpec USA)

National Manufacturing Group Acquires Fiber-Tech Inc

October 6, 2025

Manufacturing

National Manufacturing Group, a multi-plant OEM supplier, has acquired Fiber-Tech Inc, a custom molder of fiberglass composites. The deal expands National's FRP and fiberglass capabilities and adds Fiber-Tech's end-to-end composite molding, prototyping, tooling and production services to National's existing manufacturing footprint.

Bondcote Performance Textiles Acquires Graniteville Specialty Fabrics

May 29, 2025

Manufacturing

Bondcote Performance Textiles (BPT), a subsidiary of XFS Global and backed by Lake Country Capital, has acquired Graniteville Specialty Fabrics (GSF). The GSF team, brand, and product lines will integrate into BPT while continuing operations at GSF’s Graniteville, South Carolina facility, expanding BPT’s coating and technical-textile capabilities to better serve defense, first-responder, and commercial end markets.

Tex-Tech Industries Acquires Fiber Materials Inc. from Spirit AeroSystems for $165M

January 13, 2025

Aerospace & Defense

Spirit AeroSystems has sold its Fiber Materials Inc. (FMI) business to Tex‑Tech Industries, Inc. for $165 million in cash. FMI — a supplier of high‑temperature carbon/carbon and ceramic matrix composites with facilities in Biddeford, Maine and Woonsocket, Rhode Island and roughly 400 employees — supplies materials for defense and NASA programs; Tex‑Tech said the acquisition expands its thermally protective materials capabilities for aerospace, defense and space markets.

XFS Global Acquires HeyTex USA (Bondcote Performance Textiles)

October 3, 2024

Manufacturing

XFS Global, LLC has acquired HeyTex USA, Inc., which has been renamed Bondcote Performance Textiles, LLC. The Pulaski, Virginia-based manufacturer of coated and laminated performance fabrics (≈60 employees) will operate under XFS Global as part of a vertical-integration strategy to strengthen shelter solutions for military and commercial customers; the transaction was financed with assistance from Lake Country Capital (LC2).

Spinrite Acquires Coats & Clark Inc.'s North America Crafts Business

January 23, 2019

Consumer Products

Spinrite, a Listowel, Ontario-based craft company, will acquire the North American Crafts business of Coats Group plc, including the Red Heart, Coats & Clark, Aunt Lydia and Susan Bates brands (with Anchor, Dual Duty XP and J&P Coats licensed for varying terms). The deal, announced January 2019, expands Spinrite’s product assortment into sewing thread, embroidery thread and zippers; Spinrite is backed by Comvest Partners, which provided financial sponsorship for the transaction.

Milliken & Company Acquires Springfield LLC

September 14, 2015

Manufacturing

Milliken & Company has acquired Springfield LLC, a family-owned U.S. manufacturer of technical, performance and flame-resistant fabrics headquartered in Jericho, New York. The acquisition expands Milliken's capabilities and product portfolio for industrial workwear, fire service and military markets and adds Springfield's manufacturing sites in South Carolina and technical expertise.