Performance Fibers buys two plants in North America

11 Mar '08

3 min read

“This acquisition reinforces our commitment to doing business with these industries in North America as a flexible and agile global supplier that can quickly respond to regional customer needs,” said Fred Indermaur, vice president and general manager for the Americas.

“It also brings us new and expanded technology capabilities that will enable us to continue to deliver products that meet our customers' highly technical requirements.”

Performance Fibers has been pursuing a growth strategy since it became an affiliate of Sun Capital Partners Inc in December 2004 with strategic acquisitions, investments and expansions in North America, Asia and Europe. The Company also purchased INVISTA Resins and Fibers GmbH's German polyester yarn business in August 2006.

“This latest acquisition in North America, along with recent expansions in Europe and Asia, confirms Performance Fibers' position as a high-growth industry leader,” said Kevin Feinblum, Principal, Sun Capital Partners Inc.

“Sun Capital, along with the management team of Performance Fibers, will continue to pursue opportunities to increase the value of the business for all stakeholders.”

Performance Fibers Inc

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