Breaking News

Foss Manufacturing Renamed

May 23, 2006

Hampton, NH-based Foss Manufacturing is now known as Felt Manufacturing following its sale last month to Foss Manufacturing LLC, a Nevada limited liability company at a price tag of $39 million. According to court documents, the sale provides for the name change and continuation of the company, which manufactures nonwoven fabrics and synthetic fibers, and the continued employment of 355 workers. It also clears up prior debts and liens.

Created in March, Foss Manufacturing LLC is a limited liability company owned by Foss Holdings, LLC, which is owned by the Alinian Capital Group LLC, a Delaware limited liability company. Alinian is owned by A.J. Nassar, Frank Cougentakis, James Morrell and James Magruder.

According to court documents, Alinian has no connection with the previous owners or the trustee. CapitalSource is providing Foss Manufacturing LLC with financing for the purchase of the company, which will continue to operate in Hampton.

  • Flushable Wipes Update

    Flushable Wipes Update

    Karen McIntyre, editor||April 13, 2016
    INDA president continues to make defending flushable wipes one of his top priorities.

  • Wipes Entrepreneurs Target Men

    Wipes Entrepreneurs Target Men

    Tara Olivo, associate editor||April 13, 2016
    As more men groom with personal care products, new innovators are seeing opportunities in the wipes market.

  • Germany's Dr. Schumacher Expands Personal Care Wipe Plan

    By Jaroslaw Adamowski, correspondent||April 13, 2016
    50,000 square foot facility opens four years after older site was lost in fire.