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Nutter Represents Shawmut in Its Acquisition of Fairystone Fabrics and Creation of New High-Tech Knitting Firm Shawmut Infinite
Print PDFNutter advised Shawmut LLC, the premier provider of engineered flexible multi-layer materials for automotive, medical and other applications, in connection with its acquisition of long-time warp-knitting supplier, Fairystone Fabrics, by newly formed affiliate, Shawmut Infinite. The Nutter team was led by Shannon Zollo and included Mark Burgiel, Rob Lynch, Meghan Kelly, Tracy Vitols, Matt Snell, Dan Johnston, and Natalie Cappellazzo.
Shawmut Infinite will operate in Burlington, NC, as a stand-alone supplier of contract knitting and warping services to the industry. Shawmut Infinite will provide Shawmut LLC with increased control and cost efficiencies for this essential step in its supply chain. Over the next 24 months, Shawmut Infinite will invest $8 million to retrofit the facility with an arsenal of the world’s most advanced digitally controlled knitting, warping, and fabric prototyping systems. When the upgrade is complete, Shawmut Infinite will be unrivaled for rapid iteration, development, and mass production of automotive interior and industrial warp knits. Read more about the transaction.
Nutter’s Corporate Department represents domestic and international corporations, publicly traded and privately-held companies, private equity firms, nonprofit 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 technology, life sciences, banking, professional services, real estate, energy, medical devices, health care, and manufacturing. Nutter’s corporate practice handles the full range of M&A and private equity transactions, including representing buyers and sellers in auctions processes, mergers, asset sales, stock purchases, leveraged buyouts, roll-ups, joint ventures, PIPEs, going private transactions, tender offers, and proxy contests.
About Nutter
Nutter is a Boston-based law firm that provides legal counsel to industry-leading companies, entrepreneurs, institutions, and foundations, across the country and the world. The firm’s corporate, intellectual property, litigation, real estate, employment, tax, and private client practices are national in scope. For more information, please visit www.nutter.com and follow the firm on LinkedIn.
