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
Nonwovens / Technical Textiles

Blackstone Finalizes PGI Acquisition

Scorpio Acquisition Corp. — an affiliate of Blackstone Capital Partners V LP, New York City — has acquired Charlotte-based nonwovens producer Polymer Group Inc. (PGI).

"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."

March/April 2011

Advertisement