JPS Industries, Inc. Names James Coletta President Stevens Urethane Division

GREENVILLE, S.C., Aug. 10, 2011 /PRNewswire/ -- JPS Industries, Inc. (JPST.PK)  

Michael L. Fulbright, Chairman, President and Chief Executive Officer stated, "I am pleased to announce that Mr. James (Jim) Coletta has joined our company as President of our Stevens Urethane Division.  During the past 30 years, Jim has held positions of responsibility in manufacturing operations, marketing, and sales, which led to senior management leadership of the full gamut of business functions including finance, R&D, customer service, sales, marketing, and operations.  His experience is broad based with companies involved in specialty engineered products including plastics, packaging, polymers, and specialty chemicals businesses.  Most recently he served as Senior Vice President, Sales and Marketing, for Plastican, Inc., a manufacturer of injection-molded plastic containers for the construction, chemical and petroleum markets.  He also has served as the Chief Operating Officer of Interpolymer Corporation in Canton, Massachusetts and Vice President General Manager of the Global Biocides Business Unit of the Lonza Group in Fair Lawn, New Jersey."  

Commenting further, Mr. Fulbright stated, "We are pleased to have someone with Jim's background, experience, and management style join our Company, and assume the responsibilities that Chuck Tutterow, serving as both President of Stevens Urethane and Executive Vice President, Chief Financial Officer of JPS Industries, has managed since 2005.  With a number of strategic opportunities in our purview, having Chuck back full time as the CFO will allow us to fully explore and successfully execute those we determine are meaningful to the future potential of JPS Industries.  We are at the same time grateful for Chuck's leadership of Stevens Urethane these past six years and confident that under Jim's leadership our Stevens Urethane business will achieve its full potential in the specialty market segments where we operate.  We will continue to invest in order to expand our product offerings and develop new markets to drive future growth opportunities."

JPS Industries, Inc. is a major U.S. manufacturer of extruded urethanes, ethylene vinyl acetates and mechanically formed glass and aramid substrate materials for specialty applications in a wide expanse of markets requiring highly engineered components.  JPS's products are used in a wide range of applications including: printed electronic circuit boards; advanced composite materials; civilian and military aerospace components; filtration and insulation products; specialty commercial construction substrates; high performance glass laminates for security and transportation applications; photovoltaic solar modules; paint protection films; plasma display screens; medical, automotive and industrial components; and soft body armor for civilian and military applications.  Headquartered in Greenville, South Carolina, the Company operates four manufacturing locations in Anderson and Slater, South Carolina; Statesville, North Carolina; and Easthampton, Massachusetts.

This press release contains statements that are forward-looking statements regarding future events.  These statements are only predictions and there are a number of important factors that could cause future events to differ materially from those expressed in any such forward-looking statements.  These factors include, without limitation, the general economic and business conditions affecting the Company's industries, actions of competitors, changes in demand in certain markets, the Company's ability to meet its debt service and pension plan obligations (including its ability to meet the financial obligations in its Credit Agreement), the Company's ability to realize its deferred tax asset, the seasonality of the Company's sales, the volatility of the Company's raw material, claims and energy costs, the Company's dependence on key personnel and certain large customers and other risk factors. The Company assumes no responsibility to update the forward-looking statements contained in this release as a result of new information, future events or otherwise.  JPS Industries, Inc. is not responsible for changes made to this document by wire services or Internet Services.

SOURCE JPS Industries, Inc.