AFFC Holdings To Acquire Amoco Fabrics And Fibers
AFFC Holdings Inc., a recently formed company sponsored by a group of investors comprising Laminar
Direct Capital LP, Genstar Capital LP and The Sterling Group LP, has agreed to acquire Austell,
Ga.-based Amoco Fabrics and Fibers and its related assets. Amoco, a subsidiary of London-based BP,
is a major producer of man-made fabrics and the world's largest producer of primary and secondary
Amoco management is expected to play a significant role in the ownership of the new business. The transaction is expected to be finalized in the fourth quarter of this year.