Performance Fibers Acquires North American Business Of Diolen Industrial Fibers

Performance Fibers Acquires North American Business Of Diolen Idustrial Fibers. Performance Fibers
Holdings, Inc., an affiliate of Sun Capital Partners, Inc., announced today that it has acquired
the North American business of Diolen Industrial Fibers, Inc. The acquisition is a key element of
Performance Fibers global growth strategy and will serve to increase the companys capacity and
distribution of industrial fibers in North America, as well as add fabric capability to the North
American portfolio. The uniting of these two businesses will offer an expansion of high-quality
products and technology to our customers, said Greg Rogowski, president and Chief Executive Officer
of Performance Fibers.We are committed to growing our business for the continued success of our
customers, Rogowski said. Our technology leadership and investments will allow for continuous
improvement of our products, ease the development of new products and applications, and support
continuous R and D investment in this growing marketplace.The North American business of Diolen
Industrial Fibers, Inc. is headquartered in Scottsboro, Ala., where the company has produced
high-tenacity polyester yarns since the early 1970s. It also maintains a fabric converting facility
in Winfield, Ala. Performance Fibers is a leader in the global marketplace and has demonstrated its
commitment to investment in North America with this acquisition, said Lowell Bivens, former
President and General Manager of Diolen Industrial Fibers, Inc.The combination of Performance
Fibers business experience and Diolens technological capabilities will create a strategic alliance
to help customers meet challenges and solve problems, Rogowski said. With a global presence,
technological strength and mastery in the fibers and fabric business, the company has positioned
itself for tremendous growth in the future.We are anxious to leverage the talented management team
at Performance Fibers, said Matthew Garff, Vice President at Sun Capital Partners, Inc. The
management team has worked hard to grow the business by meeting the needs of their customers and
working well with their vendors. We expect that this same level of diligence will be applied to
customers and vendors of Diolen, allowing the combined business to grow and prosper.

Press Release Courtesy of Performance Fibers
August 2005