DOTHAN, Ala., July 1, 2016 /PRNewswire/ -- Highlander Partners' portfolio company, Twitchell Technical Products, a leading manufacturer of engineered polymer fabrics and coated films, today announced its acquisition of Infinity Woven Products, an innovative provider of floor and wall coverings to the marine, RV, aerospace and other markets.
Founded in 2008, Infinity manufactures and distributes premium floor and wall coverings that can withstand even the most demanding environments. Infinity's Luxury Woven Vinyl™ ("LWV") features a unique heavy-traffic-rated, vinyl backing that is ideal for indoor and outdoor use on a variety of surfaces. All products are UV-stable, resistant to fading, and include antimicrobial technology.
LWV initially solidified its niche in the marine industry through its products' unrivaled design, quality and performance characteristics. The Company then expanded into the recreational vehicle and aerospace industries where woven vinyl was an entirely new product concept. Infinity's product line quickly grew to twenty collections in over 200 colors. By servicing dealers and upholstery aftermarket installers directly, Infinity has removed the industry expectation of a distribution network, enabling faster delivery and thorough product education, enhancing customer satisfaction.
"We are excited about the addition of Infinity's products to our growing suite of specialty products," said Jeff Register, Twitchell's Chief Executive Officer. "The acquisition of Infinity expands our reach within the quickly growing marine and RV markets and gives Infinity added resources to continue innovation and expand its market penetration."
Mike Nicolais, Chairman of Twitchell and President of Highlander Partners, commented, "The addition of Infinity is another example of Highlander's ongoing strategy of executing strategic add-on acquisitions that expand our portfolio companies' product offerings and market share. Twitchell is a great platform that is well positioned to continue supplementing its organic growth with M&A opportunities. Like Twitchell, Infinity takes a customer-centered approach, providing customers with superior service and customized solutions, and the two organizations are a great cultural fit. We're looking forward to partnering with Infinity and continuing its strong growth trajectory."
Regions Financial Corporation provided senior financing facilities in support of the transaction.
About Twitchell Technical Products
Twitchell is a manufacturer of fibers, textiles and coatings. The company offers a broad range of specialty woven and knit fabrics, as well as technical coatings and laminates for a wide variety of applications from designer outdoor furniture to commercial products. For more information about Twitchell, please visit www.twitchellcorp.com.
About Infinity Woven Products
Infinity is an innovative provider of premium floor and wall coverings to the marine, RV, aerospace and other markets. Branded as Luxury Woven Vinyl™ flooring, their offering includes over twenty collections and 200 colors, including the very popular Seagrass™ collection. The Company's products are UV-stable, resistant to fading, and include antimicrobial technology. For more information about Infinity, please visit www.infinitylwv.com.
About Highlander Partners
Highlander Partners, L.P. is a Dallas-based private investment firm with over $1 billion of assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food, chemicals, building materials, consumer products, and more. Highlander Partners uses a "buy and build" investment approach, creating value by helping companies grow organically and through acquisitions. For more information, visit www.highlander-partners.com.
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SOURCE Highlander Partners, L.P.