Contact:
Sandy Frinton
(845) 454-3895
(845) 331-1200
sandy@mallen.com
PERFORMANCE FIBERS MOVING AHEAD
WITH CUSTOMERS AND COMMITMENT TO INDUSTRY
Richmond, Va. – As a nimble,
customer-responsive and technologically-driven company,
Performance Fibers meets customers’ needs quickly and seizes
opportunities that will enable them to win in the global
fiber industry.
The company brings a unique position as
the only industrial fiber player with a global footprint in
North America, Asia and Europe, giving it the ability to
serve customers’ local needs for innovative product
technology with speed, flexibility and responsiveness.
Its broad product portfolio includes
technologically advanced high-tenacity polyester fibers,
industrial Nylon-6, engineered fabrics, sewing thread fibers
and other advanced materials for the most demanding to
delicate industrial, consumer and specialty applications.
“Performance Fibers is dedicated to
enabling the success of customers through our global
presence, technological strength, deep experience in the
fibers business and commitment to growth,” said Gregory S.
Rogowski, president and chief executive officer.
With manufacturing facilities in North
America, Asia and Europe, the company’s products are used in
a wide range of segments including energy, environment,
architectural design, transportation, lifestyles and
leisure, safety and security, and specialty.
Performance Fibers’ products are used in such diverse end
uses as tire cord, conveyor belting, hoses, automotive
safety, geotextiles, offshore mooring ropes, cordage,
netting, sewing threads and embroidery fabrics.
Growing Company
Since being divested from Honeywell International and
purchased by Sun
Capital Partners, Inc. in December 2004, Performance Fibers
has aggressively expanded through acquisitions and internal
expansions in the three regions where it operates,
broadening its portfolio and strengthening its positions.
These include:
Acquiring INVISTA’s
North America tire cord and polyester
industrial filament businesses in March 2008. With this
purchase, the company added four plants in the U.S. and
Mexico that manufacture industrial polyester, Nylon-6
and tire cord fabric.
Acquiring INVISTA Resins & Fibers GmbH’s
German polyester yarn business in August 2006. Since the
acquisition, the company announced two polyester yarn
expansions at the new facilities and the establishment
of a new European executive management headquarters in
Luxembourg.
Acquiring the North American business of
Diolen Industrial Fibers, Inc., a leading producer of
high-tenacity polyester yarns, in August 2005.
Expanding its manufacturing operations in
Kaiping, China, multiple times to continue to meet
strong demand for its dimensionally stable polyester (DSP®
fiber) products, including a greenfield expansion
completed in 2006, a tire fabric cord expansion
completed in 2007 and additional expansions planned in
the region.
About Performance Fibers
Performance Fibers is a leading global supplier of
high-tenacity polyester fibers, industrial Nylon-6,
engineered fabrics, sewing thread fibers and advanced
materials. With manufacturing facilities in North America,
Asia and Europe, its products are used in a wide range of
consumer and industrial applications. Performance Fibers is
owned by Performance Fibers Holdings, Inc., an affiliate of
Sun Capital Partners, Inc. For more information, visit
www.performancefibers.com.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment
firm focused on leveraged buyouts, equity, debt, and other
investments in market-leading companies that can benefit
from its in-house operating professionals and experience.
Sun Capital affiliates have invested in and managed more
than 185 companies worldwide with combined sales in excess
of $35.0 billion since Sun Capital’s inception in 1995. Sun
Capital has offices in Boca Raton, Los Angeles, and New
York, and affiliates with offices in London, Tokyo, and
Shenzhen. For more information, visit
www.suncappart.com.
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