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.
  • Advances in Ultrasonics

    Advances in Ultrasonics

    Tara Olivo, associate editor||January 2, 2017
    Ultrasonic suppliers’ improved bonding systems allow for softer, more comfortable absorbent hygiene products.

  • Private Label: Not About No Frills Anymore

    Karen McIntyre, Editor||January 2, 2017
    Competition in the diaper market focuses on quality, not value.

  • Hygiene Machinery Review

    Karen McIntyre, Editor||January 2, 2017
    The growing importance of adult incontinence plus a widespread need for increased flexibility has changed the game for makers