The Hallwood Group Incorporated (Hallwood) operates as a holding company. Its operates its principal business in the textile products industry through its wholly owned subsidiary, Brookwood Companies Incorporated (Brookwood).Textile products operations are conducted through Brookwood. Brookwood is an integrated textile firm that develops and produces fabrics and related products through specialized finishing, treating and coating processes. Brookwood principally operates as a converter, finisher and laminator in the textile industry, which processes fabrics at its plants, located in Rhode Island and Connecticut, or by contracting with independent finishers. Brookwood is a coater of woven nylons in the United States. On May 16, 2014, Hallwood Group Inc announced the merger of HFL Merger Corporation, a wholly owned subsidiary of Hallwood Financial Limited (HFL), with and into the Company, with the Company continuing as the surviving corporation and as a wholly owned subsidiary of HFL.