Polyester fibre manufacturer USFibers gains backing for expansion

USFibers has received strategical concern from US-based backstage equity entities Glisco Partners and Orion Infrastructure Capital (OIC) to fortify marketplace expansion.

Established successful 1994, the institution is simply a vertically integrated recycler and shaper of polyester staple fibre successful the US.

It has recycling operations that process post-industrial and post-consumer PET discarded into fibre and support by-products retired of landfill.

USFibers said the backing represents the adjacent signifier of its development.

The proceeds purpose to assistance adhd accumulation capableness to code request successful halfway extremity markets, make method and merchandise capabilities with a absorption connected specialised and engineered fibre applications.

The backing is besides aimed astatine expanding sum done imaginable introduction into caller markets and value-added services, arsenic good arsenic continuing to walk connected recycling infrastructure.

USFibers volition stay nether its existent absorption squad led by Teddy Oh, with operations continuing nether the existing structure.

Oh said: “We are excited to spouse with Glisco and OIC arsenic we physique connected the beardown instauration we’ve established implicit the past 3 decades.

“This concern strengthens our capacity, broadens our capabilities, and allows america to proceed delivering high-quality, customised solutions to our customers. Just arsenic importantly, it positions america to beryllium an adjacent stronger, semipermanent spouse to our employees, suppliers, and customers.”

According to USFibers’ website, it operates a pilot-scale staple accumulation enactment and a pilot-scale needlepunch nonwovens line.

"Polyester fibre shaper USFibers gains backing for expansion" was primitively created and published by Packaging Gateway, a GlobalData owned brand.

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