Private Investors Purchase Cerex Fabrics
Management and an investor group led by Chicago-based private equity investor Jon S. Vesely have
acquired Cerex Advanced Fabrics Inc., a Cantonment, Fla.-based developer of high-performance
spunbond nylon nonwoven fabrics. Cerex previously operated as a division of Western Nonwovens Inc.
Cerex will maintain its current management structure, and offices and operations will remain in Cantonment. The new ownership group has announced it is committed to growing the business and taking advantage of long-term growth opportunities.
"We have benefited greatly from our relationship with Western Nonwovens over the past seven years, and both Western and Cerex are poised for strong future growth," said Jim Walker, president and CEO, Cerex. "With a new portfolio of unique spunbond nylon fabrics based on the state-of-the-art SpectraMax fine-denier product offering, and the expanded production capacity that came online in 2006, Cerex is exceptionally well-positioned to serve the growing needs of our customers in the specialty industrial and consumer fabric markets."