Other benefits of the acquisition include enhanced R&D and technical capabilities, expanded customer service and improved flexibility of sourcing and delivery. Two of the manufacturing sites have research & development operations and the sale also includes associated commercial operations in Hattersheim, Germany, providing an additional sales and customer service team. The addition of the German facilities brings Performance Fibers' total employee count to approx. 2,800.
"The integration of the German activities is underway," said Alex Carnevale, VP and MD for Performance Fibers' European operations. "We are already providing our new and existing customers with an expanded product portfolio and working on additional ways to maximize our new capabilities." The overall integration team is headed up by Marc Sicre.
"We are proud to be part of an industry-leading company and look forward to contributing to Performance Fibers' success," said Klaus Schulte-Goecking who is leading the integration team for the former INVISTA business along with Uwe Rexroth, who is in charge of the commercial team.
Sun European Partners, LLP advised Sun Capital on this transaction.
Performance Fibers Holdings Inc is one of the world's leading suppliers of high-tenacity polyester and a global manufacturer of other man-made industrial fibers and fabrics. With manufacturing facilities in North America, Asia and Europe, its products are used in a wide range of consumer and industrial applications.
Performance Fibers Holdings Inc
marketing@alchempro.com
