BREMEN, OH--(Marketwire - May 1, 2008) - Superior Fibers, a world leader in filtration
media products, today announced it has purchased the assets of
PRECISIONAIRE® polyester pleat media from Flanders Corporation (
J. Michael Leonard, Chief Executive Officer, said, "We are excited about this acquisition and the opportunity to serve our customers with a broader line of air filtration media in fiberglass and polyester products. It establishes us as a full-service filtration company, increases our manufacturing capacity, and enhances Superior Fibers' global market position."
Mr. Leonard continued, "This acquisition benefits all stakeholders of the Company. We welcome employees of the Clarkton, North Carolina manufacturing plant to the Superior Fibers family. This transaction expands Superior Fibers' geographic footprint and increases our manufacturing capabilities. We plan to further strengthen the Company through a focused growth strategy while maintaining our commitment to high quality products and superior customer service. Successful execution of these goals will insure a solid future for all parties involved in Superior Fibers' achievements."
David Miller, President, commented, "The addition of PRECISIONAIRE® represents another significant step in Superior Fibers' long-term growth and its market leadership position. Polyester pleat media is an important addition to the Company's growing lines of filtration media products. It reinforces Superior Fibers' strategic advantage and enables us to leverage our manufacturing and sales efforts, while remaining in the forefront of the markets we serve."
About Superior Fibers
Founded in 1984, Superior Fibers was created by an investment purchase of the Modiglass business division of Reichold Chemical Company. Superior Fibers is an innovative supplier of engineered materials supplying both fiberglass and polyester media. These products are used in a wide array of filtration and composite materials by global customers in applications including filtration, construction products, automotive and electrical markets. Superior Fibers currently operates manufacturing plants in Ohio, Kentucky and West Virginia. Following completion of the acquisition, the Company will also have a manufacturing plant in North Carolina.
Contact Information: For Additional Information Contact: J. Michael Leonard Chief Executive Officer Superior Fibers (740) 569-4175