Home / Knowledge / News / Textiles / Sun Capital affiliate exits from Frontier Spinning
Sun Capital affiliate exits from Frontier Spinning
20
Dec '13
Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, announced the sale by an affiliate of its investment in Frontier Spinning Mills (“Frontier” or the “Company”), one of the largest producers of spun yarns for the knitting and weaving industries in the world, to American Securities LLC.

Headquartered in Sanford, North Carolina, Frontier offers a diverse product line to fulfill demands of customers worldwide, with market-leading positions in open-end and air jet spinning technologies. Yarn produced by Frontier is used in the production of sportswear, undergarments, socks, sweaters, fleece, denim, and home furnishings. The Company operates state-of-the-art manufacturing facilities in multiple states and employs 1,076 people.

Following the acquisition of Frontier by an affiliate of Sun Capital, the management team was strengthened and the Company’s operations were optimized, resulting in production efficiencies and capacity expansion. In addition, Frontier made substantial investments in capital equipment and training to further modernize and broaden its operations and product set through the implementation of leading-edge technologies.

“Frontier’s emergence as the second-largest cotton spinner in the U.S. validates the success and progress the Company has achieved under our ownership,” said Marc Leder, Co-CEO at Sun Capital. “We are confident the Company is well-positioned for continued growth as a result of its increased plant capacity, streamlined manufacturing footprint, optimized productivity, and expanded product line.”

Sun Capital has experience in the textiles and industrial fabrics sector through current affiliated portfolio companies, including Performance Fibers, a leading global supplier of high-tenacity polyester fibers and fabrics, Nylon-6, engineered fabrics, sewing thread fibers and advanced materials.

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a pioneer in private equity investing, uniquely combining the financial skills and resources of a traditional private equity firm with the insight and expertise of a world class operating team. The firm focuses on market-leading companies that can benefit from its in-house professionals, resources, and expertise in their efforts to materially improve operating performance.

Sun Capital Partners

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search