Performance Fibers Continues Aggressive Growth; Acquisition of German Polyester Yarn Business Expands European Presence.RICHMOND, Va. -- An affiliate of Performance Fibers today announced that it has acquired INVISTA Resins resins, n.pl complex, insoluble, sticky substances secreted by plants. Used as astringents, antimicrobials, and antiinflammatories, and are burned as incense. Can cause oral ulcers and epidermal irritations. & Fibers GmbH's German polyester polyester, synthetic fiber, produced by the polymerization of the product formed when an alcohol and organic acid react. The outstanding characteristic of polyesters is their ability to resist wrinkling and to spring back into shape when creased. yarn yarn, fibers or filaments formed into a continuous strand for use in weaving textiles or for the manufacture of thread. A staple fiber, such as cotton, linen, or wool, is made into yarn by carding, combing (for fine, long staples only), drawing out into roving, then business. Terms of the sale were not disclosed. The acquisition, which includes both commercial and manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in Germany, represents the third major expansion of Performance Fibers' business in the past year. Performance Fibers, an affiliate of Sun Capital Partners, 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Asia and Europe, its products are used in a wide range of consumer and industrial applications. "The purchase of these German operations is part of our overall growth strategy," said Greg Rogowski, President and Chief Executive Officer of Performance Fibers. "We are continuing to build on our global platform to provide superior manufacturing, research and development, and sales and marketing to our customers in every region of the world." The acquisition includes three manufacturing facilities - one each in the German cities of Bad Hersfeld, Bobingen and Guben - which produce industrial fibers for sewing sewing: see needlework. thread, technical textiles The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. and other industrial and specialty applications. The acquisition will enable Performance Fibers to provide customers with an expanded breadth of high-quality products, including a range of low-denier and high-denier industrial fibers for sewing thread and technical fabrics used in hoses, safety belts, webbing, slings, filtration fabrics and rope, among other end uses. 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 approximately 2,800. "The integration of the German activities is underway," said Alex Carnevale, Vice President and Managing Director 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 LLP - Lower Layer Protocol advised Sun Capital on this transaction. 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. For more information, visit www.performancefibers.com. About Sun European Partners, LLP Sun European Partners, LLP is the European advisor to Sun Capital Partners, Inc., a leading U.S.-based investment firm focused on leveraged buyouts leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. , 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 and managed more than 125 companies worldwide since Sun Capital's inception in 1995 in the Unites States, with combined sales in excess of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 30.0 billion. 
sir,<br>myself satish,<br>now i am working as a export mktg exec.<br>our company produce polyster yarn.<br>so i need some information about where polyster yarn sell is better. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion