AstenJohnson Announces Acquisition Of Foss Manufacturing Co.’s Northern Division

CHARLESTON — July 26, 2017 — AstenJohnson Holdings Ltd., global supplier of innovative products and technical solutions, today announced its acquisition of the Northern Division of Foss Manufacturing Co. LLC for an undisclosed sum. Marking this occasion, Foss Manufacturing (Northern Division) will become Foss Performance Materials. This new name signifies an important step for Foss Manufacturing Co., our customers and stakeholders.

Foss Manufacturing Co. is one of the industry’s leading providers and pioneers in the use of needlepunched nonwoven fabrics and specialty man-made fibers. Foss Manufacturing Co. employs 420 people, with manufacturing facilities in Hampton, N.H.

The acquisition of Foss Manufacturing Co. supports AstenJohnson’s plans for growth with a vision to become world leader in needle punch nonwovens. Kevin Frank, CEO of AstenJohnson, said: “The purchase of Foss Manufacturing (Northern Division) is a key step in the transformation of AstenJohnson as we enter into new markets for High Performance Materials. We will have two strong pillars to our company going forward — one in paper machine clothing and the other in nonwovens”.

Steve Polston, president, Nonwovens, AstenJohnson, noted: “This transaction furthers AstenJohnson’s strategy to build a significant second segment to the company. The addition of Foss Performance Materials expands our participation in new markets and allows us to couple Foss’ reputation for innovation with AstenJohnson and Eagle Nonwovens’ focus on operational excellence.”

AstenJohnson will continue to operate the business with the workforce in place.

Foss Manufacturing Co. CEO, A.J. Nassar, commented, “We are delighted to leave our North business division and employees in the very capable hands of AstenJohnson, a company that has been in business for over 200 years. This sale will allow us to concentrate all our resources in the Georgia operations, and continue our expansion of products, innovations and capabilities in the flooring industry.”

Posted July 26, 2017

Source: AstenJohnson Holdings Ltd.