NEW YORK, July 14, 2014 /PRNewswire/ -- Lincoln International, a leading global mid-market investment bank, is pleased to announce that Polyester Fibers, LLC ("Polyester Fibers" or the "Company") has been sold to certain senior members of management, backed by outside investors along with JP Morgan and Salem Capital. Polyester Fibers was a portfolio company of Empire Investment Holdings, LLC ("Empire"). The transaction was completed on June 19, 2014. Terms of the transaction were not disclosed.
Conover, NC-based Polyester Fibers is a leading manufacturer and distributor of high loft, value-added nonwoven materials. The Company's comprehensive portfolio of high quality product solutions, which includes polyester and poly cotton high loft media, densified materials and fiber products, is used across diverse applications in the filtration, furniture, bedding, seasonal and craft end-markets. More information about Polyester Fibers can be obtained at www.poly-fibers.com.
Lincoln acted as exclusive financial advisor to Empire and Polyester Fibers in this transaction, working closely with the Company's management team and shareholders throughout the sale process.
About Empire Investment Holdings
Empire Investment Holdings is a global private investment firm headquartered in Miami, Florida, focused on the acquisition and strategic management of business units from public and private companies. Empire has acquired business units from Fortune 500 companies such as; IKON Office Solutions, Teleflex, Leggett & Platt, Ahlstrom and Discovery Communications. For more information please visit www.empireih.com.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.
Media Contact: Kyle Wolthusen
SOURCE Lincoln International