Performance Fibers buys manufacturing operations in Germany

　　An affiliate of Performance Fibers Holdings Inc. has acquired INVISTA Resins & Fibers GmbH's German polyester yarn business. Terms of the sale were not disclosed.
Richmond, Va.-based Performance Fibers, an affiliate of Sun Capital Partners Inc., owns a fabric-converting facility in Winfield, Ala., and a yarn-spinning operation in Scottsboro. The company bought the Alabama plants from Diolen Industrial Fibers in August 2005.
    Performance Fibers' latest acquisition includes both commercial and manufacturing operations in Germany.
"The purchase of these German operations is part of our overall growth strategy," said Greg Rogowski, president and CEO Performance Fibers. "We are continuing to build on our global platform to provide superior manufacturing, research and development, and sales and marketing to our customers in every region of the world."
    The acquisition includes three manufacturing facilities - one each in the German cities of Bad Hersfeld, Bobingen and Guben.