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Propex Fabrics agrees to sell Alabama plant
02 Mar '06
1 min read
Austell based largest geotextile producer Propex Fabrics Inc entered into an asset sale agreement providing for the sale of the Company's Roanoke, Alabama plant to Aladdin Manufacturing Corporation, an affiliate of Mohawk Industries Inc.
The sale transaction, which is subject to routine regulatory approvals, is expected to be consummated in early April.
After completing this transaction, the Company will remain the world's largest independent producer of primary and secondary carpet backing.
The Company remains committed to successfully serving their carpet manufacturing customers' needs for high-quality and innovative carpet backing materials.
Propex is one of the world's leading producers of polypropylene-based fabrics for primary and secondary carpet backing, geosynthetic applications and a variety of other industrial end uses.
The sale transaction, which is subject to routine regulatory approvals, is expected to be consummated in early April.
After completing this transaction, the Company will remain the world's largest independent producer of primary and secondary carpet backing.
The Company remains committed to successfully serving their carpet manufacturing customers' needs for high-quality and innovative carpet backing materials.
Propex is one of the world's leading producers of polypropylene-based fabrics for primary and secondary carpet backing, geosynthetic applications and a variety of other industrial end uses.
Propex Fabrics Inc
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Christian Guinet
French Textile Equipment Manufacturers’ Association (UCMTF)
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