Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
March/April 2015 March/April 2015

View Issue  |

Subscribe Now  |

Events

Tecnotêxtil Brasil 2015
04/07/2015 - 04/10/2015

Vietnam Saigon Textile & Garment Industry Expo 2015
04/09/2015 - 04/12/2015

Fabric Property Development And Characterization
04/13/2015 - 04/16/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Investcorp To Acqire Synthetic Industries

Synthetic Industries Inc., Chickamauga, Ga., has announced that it has entered into a definite merger agreement with SIND Holdings Inc., a company organized by Investcorp, New York.

Under the agreement, SIND Holdings will acquire outstanding Synthetic Industries shares for $33 per share in cash. The total value of the transaction is approximately $535 million, based on 9.2 million fully diluted shares outstanding, as well as the assumption or repayment of approximately $230 million in Synthetic Industries debt.

According to Synthetic Industries officials, the proposed acquisition concludes a sale process commenced in May 1999 by a committee of independent members of the company’s board of directors.

“Synthetic Industries possesses all of the attributes we look for in our investments: an excellent management team; a sharp focus on customers’ needs supported by strong product development; and exceptional growth prospects,” said Christopher O’Brien, a member of Investcorp’s management committee.


January 2000



Advertisement