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Polyester Fibers completes management buyout
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

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