“We are anxious to leverage the talented management team at Performance Fibers,” said Matthew Garff, Vice President at Sun Capital Partners Inc. “The management team has worked hard to grow the business by meeting the needs of their customers and working well with their vendors. We expect that this same level of diligence will be applied to customers and vendors of Diolen, allowing the combined business to grow and prosper.”
About Performance Fibers: Performance Fibers 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. Formed in December 2004, the business was formerly part of Honeywell International. For more information, visit www.performancefibers.com.
About Sun Capital Partners Inc: Sun Capital Partners, Inc. is a leading private investment firm focused on identifying leveraged buyout and investment opportunities in market-leading companies that can benefit from the expertise and experience of Sun Capital's in-house operating professionals.
Sun Capital Partners Inc has offices in Boca Raton, Los Angeles, New York, and London. With more than $2.5 billion of capital under management, affiliates of Sun Capital Partners, Inc. have acquired more than 90 companies throughout the world with consolidated sales in excess of $20.0 billion. For more information about Sun Capital Partners Inc, please visit www.SunCapPart.com.
Contact:
Sandy Frinton
JMC Marketing Communications & PR
Phone: 845-454-3895
Sandy@mallen.com
Performance Fibers Holdings Inc.
marketing@alchempro.com
