Performance Fibers buys out Diolen's North American Business
18 Aug '05
3 min read
Advanced fibers, high-tenacity polyester and technologies provider Performance Fibers Holdings Inc, an affiliate of Sun Capital Partners Inc, announced it has acquired the North American business of Diolen Industrial Fibers Inc.
The acquisition is a key element of Performance Fibers' global growth strategy and will serve to increase the company's capacity and distribution of industrial fibers in North America as well as add fabric capability to the North American portfolio.
"The uniting of these two businesses will offer an expansion of high quality products and technology to customers," said Greg Rogowski, President and Chief Executive Officer of Performance Fibers.
"They are committed to growing company business for the continued success of customers," Rogowski said. "Company technology leadership and investments will allow for continuous improvement of company products, ease the development of new products and applications, and support continuous R&D investment in this growing marketplace."
The North American business of Diolen Industrial Fibers, Inc. is headquartered in Scottsboro, Ala. where the company has produced high-tenacity polyester yarns since the early 1970s. It also maintains a fabric converting facility in Winfield, Ala.
"Performance Fibers is a leader in the global marketplace and has demonstrated its commitment to investment in North America with this acquisition," said Lowell Bivens, former President and General Manager of Diolen Industrial Fibers Inc.
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