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

http://www.expoproduccion.mx/Content/Exhibitors/24/
http://ahweb.adsale.com.hk/t.aspx?unt=2396-ZhejiangTex14_TextileWorld
http://www.schlafhorst.saurer.com
http://ahweb.adsale.com.hk/t.aspx?unt=2354-STX15_TextileWorld
http://www.textileservicesonline.com
http://www.textileworld.com/Store/Books/diccionario-textil.html
http://www.textileworld.com/careers/index.html
http://www.textileworld.com/Textile_World_Innovation_Forum_2014/
September/October 2014 Sept/Oct 2014

View Issue  |

Subscribe Now  |

Events

Texworld Paris
09/15/2014 - 09/18/2014

Première Vision Pluriel
09/16/2014 - 09/18/2014

INDA's Elementary Nonwovens Training Course
09/17/2014 - 09/18/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Blackstone To Acquire PGI

Polymer Group Inc. (PGI), Charlotte, has agreed to be purchased by an affiliate of Blackstone Capital Partners V LP, New York City. The total value of the transaction is not clear, but holders of PGI common stock will receive approximately $15.25 per share upon closing, plus a ratable share of additional monies upon their release from an escrow account. The transaction is expected to be finalized before the end of first quarter 2011.

"The sale to Blackstone is the culmination of our strategic review process and we believe that this transaction represents the best value alternative available to our stockholders," said Veronica "Ronee" M. Hagen, CEO, PGI. "Blackstone is committed to supporting our strategy of continued growth and investment in proprietary capabilities in our markets around the globe. The leadership team and all of the employees of PGI are excited to begin the next chapter at PGI and to maintain our position as a global industry leader."

November/December 2010

Advertisement