Performance Fibers Acquires INVISTA Resins & Fibers GmbH's German Polyester Yarn Business

摘要

An affiliate of Performance Fibers recently announced that it has signed an agreement to acquire fNVISTA Resins & Fibers GmbH's German polyester yarn business.Terms of the agreement were not disclosed,but the acquisition represents the third major expansion of Performance Fibers' business in the past year and includes three manufacturing facilities in Germany.Each produces industrial fibers for sewing thread,technical textiles 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.Sandy Frinton: 845.454.3895; sandy@mallen.com.