Propex was acquired in December 2004 by a group of investors led by Houston-based The Sterling Group, L P, San Francisco-based Genstar Capital, L.P. and Houston-based Laminar Direct Capital, L.P.
Propex is the world's largest producer of primary and secondary carpet backing, and a leading manufacturer and marketer of polypropylene synthetic fabrics used in a variety of other industrial applications.
SI is a market leader in providing innovative, high-performance products that provide support, strength, and stabilization solutions for its customers in the Furnishings and Construction Materials markets.