RICHMOND, Va. (Dec. 3, 2007) — Performance Fibers agreed to purchase the North America tire cord and polyester industrial filament business of Invista s.a.r.l. and its affiliates.
Terms of the deal were not disclosed.
The acquisition includes plants in Salisbury, N.C.; Shelby, N.C.; Winnsboro, S.C.; and industrial polyester, industrial nylon 6 and tire cord fabric production capabilities in Queretaro, Mexico.
The sale is expected to be complete in the next several months, at which point Performance Fibers, an affiliate of Performance Fibers Holdings Inc., will employ more than 4,000 worldwide, the company said.