Button and trim manufacturer Carlyle Industries Inc is to merge its business into that of fabric maker Levcor International Inc.

In a statement, the two companies say that under the terms of the merger, each Carlyle stockholder would receive one share of Levcor capital stock for every five shares of Carlyle capital stock.

Levcor International converts woven textile fabrics and processes knit textile fabrics which are sold for production principally to domestic manufacturers of women's apparel. The company is headquartered in New York.

Carlyle Industries and its subsidiaries manufacture, package and distribute buttons and embellishments. Business is conducted through three subsidiaries: Blumenthal Lansing Company Inc, Westwater Industries Inc and Button Fashion BV.