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American Fibers To Buy RAM Extrusion Filament Assests

American Fibers and Yarns Co., Cumming, Ga., announced that, subject to completion of true diligence, it has agreed to buy certain assets associated with the operation of RAM Extrusion, Dalton, Ga. The purchase includes the filament yarn-related business but does not include any staple or carpet yarn.Frank G. Andrusko, president and CEO, American Fibers and Yarns, said, "Our strategy is clearly focused on the expansion of our leadership position in olefin filament yarn for home and commercial furnishings, apparel, automotive and industrial applications. The acquisition of RAMs assets dovetails nicely with our current market and customer base and also supports our growth plans."

October 2000