02.10.15
PGI announced on its website today that it had filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman, Sachs & Co., Jefferies LLC and RBC Capital Markets, LLC are acting as book-running managers in the proposed offering. PGI lists its name as PGI Specialty Materials in the announcement.
PGI was acquired by Scorpio Acquisition Corporation, an affiliate of Blackstone Capital Partners in January 2011. Since then, the Charlotte, NC-based company has been on an aggressive growth trajectory, which included the acquistions of Fiberweb's industrial businesses and Brazilan spunmelt maker Companhia Providencia as well as new line builds in the U.S., Europe and Asia.
PGI was acquired by Scorpio Acquisition Corporation, an affiliate of Blackstone Capital Partners in January 2011. Since then, the Charlotte, NC-based company has been on an aggressive growth trajectory, which included the acquistions of Fiberweb's industrial businesses and Brazilan spunmelt maker Companhia Providencia as well as new line builds in the U.S., Europe and Asia.