Fibrix, LLC Acquires Assets From Custom Nonwovens, Inc.
Acquisition increases manufacturing capacity, enhances product capabilities, and further establishes Fibrix as a national leader.
Conover, North Carolina, April 24, 2017 (Newswire.com) - Fibrix LLC, a leading North American manufacturer of nonwoven polyester materials, today announced that it has acquired specific assets of Custom Nonwovens, Inc. (CNI) operating in Thomasville, NC, including personnel, multiple manufacturing lines, and intellectual property related to the production of furniture and bedding products. This acquisition excludes CNI’s manufacturing facility located in New Albany, MS.
With this acquisition, Fibrix increases its manufacturing capacity in the Carolinas and further establishes itself as a leading producer of nonwovens in the Eastern United States. The additional resources will facilitate faster deliveries and increased production capabilities. This acquisition is part of an overall growth strategy to establish manufacturing operations throughout the United States, allowing Fibrix to better serve regional, national, and multi-national customers.
“This acquisition allows us to better meet demand fueled by the company’s rapid growth,” said Keith White, CEO and co-founder of Fibrix. “We’re now positioned to offer a greater variety and volume of products than ever before, making Fibrix a more strategic supplier for an even wider base of customers.”
The CNI transaction was completed April 21st. Terms of the asset purchase were not disclosed.
About Fibrix, LLC
Headquartered in Conover, North Carolina, Fibrix®, LLC is a leading manufacturer of precision-crafted, nonwoven materials in the United States. Now in its 49th year, the company manufactures products for filtration, furniture and bedding, automotive, industrial, and retail customers. The company operates ten manufacturing and distribution facilities in North Carolina, Mississippi, New York, and Texas. Fibrix services thousands of customers in the United States, Europe, and Asia, including many Fortune 500 companies. For more information, please visit www.fibrix.com.