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New Melt Additives JV Formed

August 31, 2005

Goulston Technologies, Inc., Monroe, NC, and Hammonton, NJ-based Polyvel, Inc. have formed a joint venture to manufacture and market melt additives for the global synthetic fiber and nonwovens industries. The venture will bring together the combined expertise of more than 50 years of knowledge of plastic compounding and fiber processing. Goulston Technologies is a leader in fiber lubricant technology for the manufacture and processing of synthetic fibers and nonwovens while Polyvel specializes in the engineered compounding of liquid additives for the plastic and fiber industries.

The current product line includes HydRepel melt additives for polypropylene fibers and nonwovens that impart durable hydrophobicity, durable alcohol repellency, durable hydrophilicity and soft-hand. These products will be sold by Goulston’s direct sales force and worldwide network of agents.

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