Propex Fabrics net revenue up $5.8mn, boosted by NA markets
16 Aug '05
1 min read
Austell based largest geotextile producer Propex Fabrics Inc announced three and six months ended June 30, 2005 financial results.
Business Combination Prior to December 1, 2004, they were owned by BP p.l.c. and operated under the name of Amoco Fabrics and Fibers Company in the US and other names in their international locations.
They were acquired by an investor group that includes investment entities affiliated with The Sterling Group, L.P., Genstar Capital LP, and Laminar Direct Capital L.P., BNP Paribas Private Capital Group, through Paribas North America Inc certain members of their senior management and certain other investors on December 1, 2004, and became a stand-alone company operating under the name Propex Fabrics Inc.
Leading manufacturer of woven and nonwoven polypropylene carpet backing and industrial fabrics, Propex Fabrics has been engaged in the textile industry since 1884 and formerly operated under the name Amoco Fabrics and Fibers Company in the U.S. and by other names in international locations, also known as the BP Fabrics and Fibers Business, from 1968 until December 1, 2004, and since then as Propex Fabrics Inc.
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