RICHMOND, Va. (Aug. 2) — Performance Fibers Inc. has finalized its acquisition of Invista Resins & Fibers GmbH's German polyester yarn business. Terms of the sale were not disclosed.
The acquisition, which includes both commercial and manufacturing operations in Germany, is the third major expansion of Performance Fibers' business in the past year. It includes three plants that produce industrial fibers for sewing thread, technical textiles and other industrial and specialty applications, including technical fabrics used in hoses.
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.