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8-K - FORM 8-K - AVINTIV Specialty Materials Inc. | d629182d8k.htm |
EX-99.1 - EX-99.1 - AVINTIV Specialty Materials Inc. | d629182dex991.htm |
Exhibit 99.2
9335 Harris Corners Parkway Suite 300 Charlotte, NC 28269 |
FOR RELEASE
Polymer Group Completes Acquisition of Fiberweb
Integration of industry leaders creates worlds largest nonwovens company
CHARLOTTE, N.C. Nov. 15, 2013 Polymer Group, Inc. (PGI) today announced that it has completed its acquisition of Fiberweb plc, a global developer and manufacturer of specialty nonwoven products and materials for a variety of industrial end markets. As a result of the acquisition, PGI is the worlds largest manufacturer of nonwovens.
The acquisition of Fiberweb marks a critical step in PGIs strategy of accelerated and sustainable growth, bringing both companies into new market segments and expanding PGIs global footprint. PGI now operates in 13 countries with an employee base of approximately 4,000 employees. Through the combination of the companies, PGI can now serve a broader range of global customers across North America, South America, Europe and the Asia-Pacific region with an unmatched portfolio of technologies and products, and world-class service.
This is a milestone in our proud history and a critical moment for our industry, said J. Joel Hackney Jr., Chief Executive Officer of PGI. PGI and Fiberweb are stronger together, and we are now well-positioned to deliver on the industrys growing demand for global scale, innovation and leadership.
Fiberwebs unique offerings in Filtration, Building and Construction, Agriculture, Healthcare, Technical Fabrics, Geosynthetics and Hygiene will complement PGIs established presence across Hygiene, Healthcare, Wipes and Industrial markets. Customers of both companies are expected to benefit from PGIs expanded global presence and portfolio of products and services.
We are committed to investing and growing our presence in our key market segments as well as those in which Fiberweb operates, said Hackney. We look forward to welcoming the Fiberweb team as they join us in our mission of creating a safer, cleaner, healthier world for our families and communities.
Click here to learn more about PGIs innovative products and technologies.
About PGI
PGI is a global, technology-driven developer, producer and marketer of engineered materials, and one of the worlds leading producers of nonwovens. With the broadest range of process technologies in the nonwovens industry, PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates manufacturing and converting facilities in thirteen countries throughout the world.
Media Contact:
Mark Van Hook
Capstrat for PGI
P: 919.745.3689
E: mvanhook@capstrat.com