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Nilit acquires Nylstar Inc

04
May '09
Nilit, a global manufacturer and leader in the production of nylon 6.6, announced that it has acquired Nylstar's U.S. operations including its nylon 6.6 plant in Martinsville, VA.

Last year Nilit opened a new state-of-the-art facility in China. The addition of this US plant will become a part of its global production facility network, demonstrating its confidence and investment in the nylon apparel industry throughout the world. With the Nylstar acquisition, Nilit becomes one of the world's largest nylon 6.6 producers for the apparel industry.

“Nylstar is a respected manufacturer that shares Nilit's commitment to innovation and quality,” said Arie Gottlieb, Nilit's General Manager. “Having the Martinsville facility as part of the Nilit network will expand our ability to service our growing North American customer base, our US partners and as well as other customers around the world.”

The Nylstar product line includes POY, FOY, and LOY-DT nylon yarns in a broad range of filament counts, lusters and cross-section type. The Nylstar offering will complement and expand Nilit's portfolio of branded performance yarns for intimate apparel, bodywear, legwear and activewear.

As part of the acquisition, Nilit has appointed former Nylstar President, Basil B. (Sonny) Walker as President of the new entity Nilit US. Gottlieb continued, “Sonny's knowledge of the North American market will help us drive Nilit's growth on the continent. In addition, Sonny's leadership will ensure a smooth integration and uninterrupted service for both our existing and new customers.”

“The union of Nilit and Nylstar here in the U.S. will be extremely beneficial for our customers,” said Walker. “Not only will this new partnership ensure ready supply but we expect even higher levels of innovation and quality to result from this collaboration.”

The Nilit America sales team will be contacting all customers to explain details of the acquisition and design specific plans to maximize service through the transition.

Nilit Ltd


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