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Blackstone completes acquisition of Polymer Group Inc.

February 14th, 2011 / By: / Industry News

Scorpio Acquisition Corp., an affiliate of Blackstone Capital Partners, has completed its previously announced acquisition of Polymer Group Inc. (PGI). The transaction helps continue to position PGI as a leader in the nonwovens industry. PGI’s chief executive officer, Veronica (Ronee) M. Hagen, stated, “Blackstone is committed to supporting our strategy of continued growth and investment in proprietary capabilities in our markets around the globe.”

Polymer Group Inc., one of the world’s leading producers of nonwovens, is a global, technology-driven developer, producer and marketer of engineered materials.The company operates 14 manufacturing and converting facilities in nine countries throughout the world.

Source: Polymer Group Inc.

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