Breaking News

Polymer Group Plans Public Offering

November 12, 2007

Polymer Group Inc., Charlotte, NC, plans to sell about 5.5 million shares of its Class A common stock to be listed on the New York Stock Exchange.

Polymer Group Inc., Charlotte, NC, plans to sell about 5.5 million shares of its Class A common stock to be listed on the New York Stock Exchange. The company's shares currently trade on the over-the-counter market. Polymer Group plans to list the Class A shares on the NYSE under the symbol "PGO."

The public offering consists of about 3.6 million shares to be sold by the company and 1.8 million shares to be sold by the selling shareholders, primarily MatlinPatterson Global Opportunities Partners LP and its affiliates.

The company expects net proceeds of $92.8 million. Polymer Group plans to use proceeds from its portion of the offering to repay debt under its senior secured credit facility.
  • 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.