Vita Nonwovens Management Team Completes Buyout
The management team of Vita Nonwovens LLC, High Point, N.C., has completed its buyout of the
business from its parent company, United Kingdom-based The Vita Group's Vitafoam Inc. division. The
team partnered with private equity enterprises Capital South Partners and Crutchfield Capital, both
based in Charlotte, combined with Source Capital Mezzanine Fund and PNC Bank.
The company produces nonwovens for automotive, construction, filtration, furniture, hygiene, and mattress applications. It operates three facilities: a 130,000-square-foot (ft2) facility in High Point that houses senior management and three high-speed thermal bond carded crosslapped lines; a 78,000-ft2 plant in Schertz, Texas, equipped with one thermal bond line; and a 108,000-ft2 plant in Fort Wayne, Ind., equipped with one thermal bond line and one high-speed dual-card with high-speed needling.
"We have built a solid foundation and forged strong partnerships over the years which are critical for our future," said Kevin Womble, executive vice president of sales and marketing, Vita Nonwovens. "We want to enhance our customers' experience and continue to find ways to bring value in support of their initiatives. Our new structure will allow us to achieve these objectives with an entrepreneurial flair."