Home / Knowledge / News / Textiles / Polyester Fibers completes management buyout
Polyester Fibers completes management buyout
23
Jul '14
Polyester Fibers LLC, a leading North American manufacturer of nonwoven polyester materials, announced that it has completed a management-led buyout from its parent company, Empire Investment Holdings. The buyout was funded by Polyester Fibers’ management team and financing was provided by JPMorgan Chase, a leading global financial services firm, and Salem Investment Partners, an investment firm focused on strategic investments in the Mid-Atlantic and Southeast regions of the United States.
 
Polyester Fibers is a leading manufacturer and distributor of precision-engineered, nonwoven polyester materials for the filtration, furniture and bedding, automotive, craft, and seasonal markets in North America, Europe and Asia. Nonwoven materials are a durable, flexible, low cost media ideally suited for numerous applications used daily by consumers, manufacturing, and industry in the United States and throughout the world.
 
"Owning a company with high quality products and long standing customer relationships gives us a platform to unleash enormous potential," said Keith White, President & CEO of Polyester Fibers. "That potential will drive increased market share as we focus on continuous innovation and expansion of our line of quality products to better serve our customers’ needs."
 
"Polyester Fibers is a great example of the kind of company we look for as investors, bringing a cohesive, experienced management team, strong client relationships and a solid track record of performance year-after-year," said David Faris, Partner, Salem Investment Partners. “Their industry experience puts them in a unique position to expand their customer base and accelerate growth in their key focus areas." 
 
About Polyester Fibers
Headquartered in Conover, North Carolina, Polyester Fibers, LLC is a leading manufacturer of precision-engineered, nonwoven materials in the United States. Now in its 46th year, the company manufactures products for filtration, furniture and bedding, automotive, industrial, and retail customers. The company operates nine manufacturing and distribution facilities across five operating units: Tupelo Fibers, Cameo Fibers, Cumulus Fibres, Mountain Mist, and Buffalo Batt. Polyester Fibers services thousands of customers in the United States, Europe, and Asia including many Fortune 500 companies.
 

Polyester Fibers


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Eamonn Tighe
Nature Works LLC

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Pranav Mishra
Huemn

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X