Performance Fibers, Colonial Heights, VA, an affiliate of Sun Capital Partners, Inc., has acquired the North American business of Diolen Industrial Fibers, Inc. The acquisition is a key element of Performance Fibers' global growth strategy and will serve to increase the company's capacity and distribution of industrial fibers in North America as well as add fabric capability to its North American portfolio.
"The uniting of these two businesses will offer an expansion of high quality products and technology to our customers," said Greg Rogowski, president and CEO of Performance Fibers. "We are committed to growing our business for the continued success of our customers," Mr. Rogowski said. "Our technology leadership and investments will allow for continuous improvement of our products, ease the development of new products and applications and support continuous R&D investment in this growing marketplace."