GREENSBORO, N.C. — June 8, 2016 — BGF Industries, a global manufacturer of woven and nonwoven materials from high performance fibers, is pleased to announce that Warwick Capital LLP has purchased controlling interest in this advanced, high performance textile company.
This London-based private equity fund — Warwick Capital Partners — has remained steadfast in their interest to acquire Porcher Industries throughout the extended sales process. They bring many years of knowledge and insight in investing in industrial sectors and will continue to offer the highest level of service and quality of products to BGF customers.
“Bringing together the technical expertise of manufacturing high performance fibers with the backing that Warwick Capital LLP provides brings us closer to making additional strategic investments that will provide the highest level of quality products and will allow us to continue to make technical advancements and innovation within our industries,” says Robby Dunnagan, BGF President.
There should be no change in the relationships that BGF or Porcher have with their customers, employees, or partners as a result of this sale.
Posted June 9, 2016
Source: BGF Industries