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Wellman sells Wellstrand assets to David C. Poole Company

30
May '07
Wellman Inc announced that it has sold the equipment used to manufacture Wellstrand fiber and licensed the use of the Wellstrand name in the United States to David C. Poole Company Inc, a major distributor of synthetic staple fibers, headquartered n Greenville, S.C. Thomas M. Duff, Wellman's Chairman and Chief Executive Officer, stated, "The sale of these assets reflects our strategy to focus on our chemical-based business."

David Poole, President of David C. Poole Company Inc commented, "I am pleased to add Wellstrand, a specialty coarse denier polyester staple fiber, to our family of product offerings. We have already resumed manufacturing Wellstrand fiber in Johnsonville, S.C. Our product, which is manufactured primarily from post-consumer recycled raw materials, is ideal for various industrial applications. Wellstrand fiber is available in a variety of deniers ranging from 45 to 500 dpf."

David C. Poole Company Inc is major a distributor of synthetic staple fibers and PET bottle grade resins.

Wellman Inc


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