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Accotex & Daytex to join textile machinery maker Saurer’s portfolio

May 10, 2006 (Switzerland)

On May 9, 2006, Saurer Management AG signed a purchase contract to acquire 100 percent of the Textile Products Group from Day International Inc. The acquisition is expected to be completed by the end of May.

The transaction still has to be approved by the anti-trust commission. In 2005, Day’s Textile Products Group generated sales of approximately USD 45m and currently employs around 270 full-time associates.

The company’s production facilities are located in Münster, Germany and Greenville, SC, USA. In addition, it has sales offices in Italy, Turkey and Hong Kong.

Day’s Textile Product Group is the world’s largest supplier of consumable, precisionengineered rubber cots (rollers), aprons (flexible belts), compressive shrinkage belts and other fabricated rubber products for the yarn spinning and glass-fiber-forming industries.

Its most important products, cots and aprons, are used in the drafting process of ring spinning machinery. They are a decisive factor for the final yarn quality since these components are in a direct contact with the fibres.

Cots and Aprons are marketed under the Accotex and Daytex trademarks, the industries number one brands. A large share of sales is made with spinning mills worldwide, a smaller share with textile machinery OEMs. However, Day’s Textile Products Group’s has a very strong position with OEMs.

Its product portfolio also contains compressive shrinkage belts (providing shrinkage for all type of fabrics), roll covering (preventing slippage and fabric marking) and Superba rolls (for the sealing of the tunnels used in the processing of carpet yarn).

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