Polymer Group (PGI; Charlotte, NC) says it is evaluating strategic alternatives, including the sale, merger, or recapitalization of the company, in order to "unlock shareholder value" and provide existing stockholders with liquidity alternatives. PGI's board of directors has established a special committee, comprising independent directors, to evaluate those options. PGI's fiscal 2009 net income more than tripled, to $18.2 million . Sales fell 17%, however, to $ $882.7 mil- lion, due to lower selling prices and lower volumes in the industrial segments, offset by improvement in Asia and Latin America.
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