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Nutter Advises Shawmut Corporation in Joint Venture with Glen Raven Technical Fabrics LLC

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08.29.2018 | Press Release

Boston – Nutter represented Shawmut Corporation, a developer of high-performance composites, in its joint venture with the automotive headliner and specialty industrial fabrics business of Glen Raven Technical Fabrics LLC, a global provider of innovative technical fabric solutions. Mike Krebs, chair of Nutter’s Corporate and Transactions Department, and Josh Gray led the deal team, which included Steve Patterson, Meghan Kelly and Ellie Myers on corporate matters; Wendy Fiscus, Jennifer Sacco Smith and Jessica Alfano Powell on real estate; Mike Mooney and Erin Whitney on tax; Crescent Moran Chasteen on employee benefits; David Rubin on labor and employment; and Rory Pheiffer on intellectual property.

The transaction fully integrates Shawmut’s market-leading composite development capabilities and global lamination platform with GRTF’s world-class specialty industrial fabrics operation. The combined entity includes all Shawmut locations together with GRTF’s Park Avenue manufacturing operation and its associated specialty industrial fabric product lines. Those products include fabrics for automotive headliner, ultra-lightweight camouflage and netting systems, military apparel, and filtration applications. The combined entity is majority-owned by Shawmut, with GRTF as the minority owner. GRTF is a division of Glen Raven Inc. Both Shawmut and Glen Raven are privately owned. The transaction closed on August 3, 2018.

Members of Nutter’s Corporate and Transactions Department represent domestic and international corporations, publicly traded and privately held companies, private equity firms, non-profit institutions and family owned businesses in a wide variety of domestic and cross-border transactions. The firm’s attorneys advise on significant transactions in every major industry sector, including manufacturing, high technology, life sciences, banking, insurance, professional services, real estate, energy, chemicals, medical devices, and health care. Nutter’s corporate law practice handles the full range of M&A and private equity transactions, including representing buyers and sellers in auctions and bid processes, mergers, asset sales, stock purchases, leveraged buyouts, roll-ups, joint ventures, PIPEs, going private transactions, exchanges of securities, friendly and hostile tender offers, proxy contests, and acquisitions of corporate subsidiaries and divisions.

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About Nutter
Nutter is a Boston-based law firm that provides legal counsel to industry-leading companies, early stage entrepreneurs, institutions, foundations, and families, across the country and around the world. The firm’s lawyers are known for their client-centric approach and extensive experience in business and finance, intellectual property, litigation, real estate and land use, labor and employment, tax, and trusts and estates. Co-founded in 1879 by Louis D. Brandeis, who later became a renowned justice of the U.S. Supreme Court, Nutter is dedicated to helping companies prosper in today’s competitive business environment. For more information, please visit www.nutter.com and follow us on LinkedIn. 

Press Contacts:
Stephanie Goldstein
617.439.2131

Heather Merton
617.439.2166

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