WICHITA, Kan.?(BUSINESS WIRE)?
INVISTA has acquired Ashburn Hill Corp., associated intellectual
property?including the TECGEN? brands?and a manufacturing
operation in Texas. The TECGEN? flame-resistant garment
products expand INVISTA?s existing performance and protective fabric
offerings, as well as add a new skillset to the company.
?INVISTA has an aggressive growth strategy that includes identifying new
business opportunities to allow us to continue building a product
portfolio that delivers value to customers,? said Jeff Brown, executive
vice president, INVISTA Performance Materials. ?The TECGEN?
flame-resistant brands have quickly gained trust in the marketplace, and
by coupling that expertise with INVISTA?s existing global workwear
capabilities, we have high expectations for the specialized garment
segment.?
The acquisition includes two flame-resistant brands:
- TECGEN
Select? brand: Arc rated, flame and flash fire
resistant clothing developed for manufacturing, transportation,
mining, oil and gas, and energy utility operations - TECGEN
Xtreme? brand: NFPA/UL certified, lightweight apparel
that repels moisture designed for firefighters for wildland and
technical rescue applications
The brands will fall under INVISTA?s existing Performance Materials
business segment, which includes the CORDURA? fabric brand.
The TECGEN? brand research and development, sales and
marketing teams will now have access to INVISTA?s global resources with
a goal of growing the product offering.
?Developing workwear products with comfort and safety benefits are our
priorities,? added Brown. ?Our expanded team looks forward to building
upon this best-in-class flame resistant fiber, fabric and garment
technology.?
Employees from the Greenville, South Carolina, administration office and
Angleton, Texas, manufacturing site will transition to INVISTA, which
has 10,000 employees in 20 countries.
Jon Heard?who left INVISTA in 2008 to become chief executive of Ashburn
Hill?returns to INVISTA and will continue to lead the business under the
new ownership.
The TECGEN? brands are distributed through networks in North
America and Australia. Terms of the acquisition were not disclosed.
Prior to the acquisition, INVISTA held a minority interest in the
company.
TECGEN? fiber is a patented process
developed with the next-generation of flame resistance technology for
protective clothing including coveralls, base layers and hoods. TECGEN?
fabric is produced in the USA and sold through a North American
distribution network. More information is available at www.TECGENfr.com.
INVISTA is one of the world?s largest integrated producers of
polymers and fibers, primarily for nylon, spandex and polyester
applications. With a business presence in over 20 countries, INVISTA?s
global businesses deliver exceptional value for their customers through
technology innovations, market insights and a powerful portfolio of
global trademarks including: ADI-PURE?, ANTRON?,
AVORA?, C12?, COMFOREL?,
COOLMAX?, CORDURA?,
CORFREE?, DACRON?, DBE?,
DYTEK?, FLEXISOLV?,
FRESHFX?, LYCRA?,
PERFORMA?, POLARGUARD?, POLYSHIELD?,
POLYCLEAR?, SOLARMAX?,
STAINMASTER?, SUPPLEX?,
SUPRIVA?, TACTEL?, TACTESSE?,
TECGEN?, TERATE?,
TERATHANE?, THERMOLITE?
and TORZEN?. For more information, visit www.INVISTA.com.
INVISTA
Greg Standifer, 316-828-1643
Greg.Standifer@INVISTA.com
Source: http://lowbrowse.org/invista-acquires-us-based-flame-resistant-apparel-company.html
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