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September/October 2014 Sept/Oct 2014

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Nonwovens / Technical Textiles

ITG, SCI Complete Merger

I nternational Textile Group Inc. (ITG), Greensboro, N.C., and Safety Components International Inc. (SCI), Greenville, have completed their merger, with the resulting company known as International Textile Group Inc. SCI — a low-cost, global supplier of automotive air-bag fabric and cushions, and a manufacturer of value-added man-made fabrics for various niche commercial and industrial applications — now operates as ITG’s Safety Textiles International business unit, joining Cone Denim, Burlington WorldWide apparel fabrics, Burlington House interior fabrics and Carlisle Finishing units under the ITG umbrella. Wilbur L. Ross Jr. and Joseph L. Gorga continue in their roles as chairman, and president and CEO, respectively, of ITG; while SCI’s president, Stephen B. Duerk, now serves as president of the new business unit.

“SCI’s automotive safety and specialty niche engineered fabrics, along with globally fabricated airbag cushions, bring strong product diversification to ITG,” Gorga said. “We expect to be able to benefit from many synergies in our [research and development] initiatives, manufacturing processes, purchasing strategies and international expansions.”

Stock in the combined company is trading on the over-the-counter bulletin board, initially under SCI’s symbol, SAFY.




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