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H.I.G. Middle Market acquires Universal Fiber Systems
06
Oct '15
H.I.G. Middle Market, the dedicated middle market investment affiliate of H.I.G. Capital, a global private equity investment firm has acquired Universal Fiber Systems (UFS) LLC.

“With facilities in the United States, Europe, Thailand and China, UFS is a global leader in the production of custom solution-dyed synthetic fibres,” a H.I.G press release stated.

UFS serves customers in the commercial, residential, transportation and carpet industries through its Universal Fibers division and serves customers in performance apparel and technical fabrics through its Premiere Fibers division.

Tenno Tsai, managing director at H.I.G. said, “We are excited to partner with Marc Ammen and the entire UFS team to continue the company's strong growth.”

“We look forward to working with the management team to support the company's commitment to bringing the highest levels of quality, service and innovation to its customers,” Tsai added.

Marc Ammen, CEO of Universal Fiber Systems said, "This partnership will support UFS in our resolve to remain the leader in innovation, service and quality for each of our end markets.”

“Additionally, this will enable the continued globalisation of our operations and market reach as we have invested in each one of our facilities and this announcement will further the momentum,” he observed.

Founded in 1969, Universal Fiber Systems produces high quality, highly customised solution-dyed synthetic filament-based fibre for the flooring, transportation, performance apparel and industrial fibres industries. (AR)

Fibre2Fashion News Desk – India


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