DALTON, Ga. — August 1, 2016 — Genesis Capital Fund announced today that it has partnered with management of Fibro Chem LLC a leader in providing dyes, fiber lubricants, and specialty chemicals to the carpet and textile industries in the United States.
Founded in 1975 with the goal of making technologically superior fiber lubricants and specialty chemicals, the company expanded into the dye business in 2007 to serve the carpet and textiles industry throughout the Southeastern US. Today the company specializes in controlling the behavior of substances on surfaces, supplying dyes and the technology required to color today’s textiles, carpets and specialty materials.
The company is headquartered in Dalton, Ga., which also houses its administrative offices, research laboratories, technical services and production facilities. From the home office the company also manages their extensive global supply chain activities to provide their customers the best service possible.
“We are excited to partner with the management team of Fibro Chem and help them achieve their strategic growth objectives”, said Rusty Griffin, Manager of Genesis Capital Fund. “Fibro Chem’s commitment to customer service, technical support and providing quality products has enabled the company to grow consistently. We look forward to partnering with Fibro Chem to continue this growth in the future.”
“We selected Genesis as our partner as a result of their ability to support and grow companies like Fibro Chem” said Ben Watts, President of Fibro Chem. “Genesis’ investment and business acumen will enable us to broaden our technological platform and new product development, expand our market reach and accelerate our growth.”
Genesis Capital Fund provided the capital for this transaction from management and a small group of investors all of which have extensive experience as CEO’s of important US industrial companies. Financing was provided by MB Business Capital.
Source: Fibro Chem
Posted August 9, 2016
