BIOLACE® Ultrasoft features a viscose/lyocell fiber blend and can be produced using a “big dot” pattern.
Suominen’s BIOLACE® Ultrasoft is the company’s latest addition to its sustainable nonwoven fabric portfolio.
By Rachael S. Davis, Executive Editor
Helsinki-based Suominen is a producer of nonwoven roll goods used for wipes and other applications. Baby wipes, flushable wipes, household wipes, medical wipes, workplace wipes … name it, and Suominen has the market covered.
The company’s global manufacturing platform comprises eight production plants on three continents including three manufacturing locations in the United States — Bethune, S.C.; Green Bay, Wis.; and Windsor Locks, Conn.
On its website, the company states: “… we don’t just exist to make things. Our purpose is also to develop nonwovens and expand their possibilities. We make nonwovens better.” And in 2019, the company pledged to focus on improving its profitability through innovative and sustainable nonwoven products.
The latest addition to Suominen’s sustainable product portfolio, BIOLACE® Ultrasoft, was developed with sensitive skin as well as sustainability in mind. The fabric — made using plant-based, biodegradable and compostable materials — is aimed at personal care and baby products. Suominen reports that the nonwoven remains soft to the touch when it is both wet and dry and offers excellent absorbency.
“Our strategy is put into action with the new innovative and sustainable products such as BIOLACE Ultrasoft,” said Lynda Kelly, senior vice president, Americas & Business Development.
“In 2020, the sales of sustainable products increased by more than 20 percent
compared to the base year of 2019.”
BIOLACE Ultrasoft is made using a viscose/lyocell blend, its basis weight range is 50 grams per square meter and it can be customized with a “big dot” pattern. The product also is certified Standard 100 by OEKO-TEX®.
According to the company, testing showed the structure and composition of BIOLACE Ultrasoft enables a 25-percent higher cleaning efficiency compared to a product with the same basis weight made using 100-percent viscose spunlace, and a 38-percent higher cleaning efficiency compared to a polyester wipe.
“BIOLACE Ultrasoft with viscose and lyocell fibers performs better than a typical spunlace wipe made using only viscose because of the blend and the manufacturing process we are using,” said Johanna Sirén, manager, Category Management.
“BIOLACE Ultrasoft is a sustainable product with great cleaning efficiency and exceptional softness,” Sirén added. “It is a perfect solution for baby and personal care products, such as cosmetic wipes and baby wipes. The softness makes it also suitable for gentle skin products.”
For more information about BIOLACE® Ultrasoft, contact Johanna Sirén, johanna.siren@suominencorp.com; suominen.com.
England-based James Heal has a new microsite, located at performance. james-heal.co.uk, which is dedicated to testing performance and technical textiles.
San Jose, Calif.-based Livinguard has introduced a line of odor-neutralizing T-shirts and polo shirts featuring its hygiene technology.
The U.S. Cotton Trust Protocol, Memphis, Tenn., recently added the following new members: Montreal-based Gildan Activewear; United Kingdom-based retailer Tesco; and San Francisco-based Levi Strauss & Co. along with its legacy brands Levi’s®, Dockers®, Denizen by Levi’s®, and signature by Levi Strauss & Co.™
Houston-based Ascend Performance Materials received the General Motors (GM) 2020 Supplier Quality Excellence Award for its Pensacola, Fla., nylon 6,6 plant. The award recognizes GM suppliers who meet or exceed the company’s quality performance criteria and support multiple functions across GM’s organization.
Israel-based Delta Galil Industries Ltd. recently announced a global licensing agreement with Wolford to create, produce and market new women’s lingerie and swimwear collections available Spring/Summer 2022. Delta Galil also signed a global licensing agreement with adidas for men’s and women’s underwear collections sold under the adidas Badge of Sport and Originals labels. The collections will launch in Spring 2022.
Front row (left to right): Meg Patel, marketing manager, Government and Defense, Milliken; Nicole Ducouer, senior director communications, IFB; David Horton, president and CEO, IFB; Erik Cobham, director Business Development, Government and Defense, Milliken; and Danny Kelly, executive vice president, IFB. Middle row (left to right): Sean Murphy, Senior Account Manager, Government and Defense, Milliken; Silas Martin, COO, IFB; and Randy Buckner, vice president, Asheville Manufacturing, IFB. Back row (left to right): Bruce LaFlam, vice president, sales and marketing, Government and Defense, Milliken; and Matt Gilreath, CFO, Textile Division, Milliken
Milliken & Company, Spartanburg, S.C., was named Partner of the Year by IFB Solutions, Winston-Salem, N.C. The award is given to the partner company that stands out as an organization in its support of opportunities for people who are blind.
After many years in development, Los Angeles-based Hologenix® recently introduced pure white Celliant® fibers. The new fiber expands the applications for Celliant into white and pastel colored products.
Italy-based Themore® recently introduced Ecodown® Fibers Genius, a hybrid product in between free fibers and rolled insulation that bridges the gap between the two products.
SÃO PAULO — July 22, 2021 — JBS Couros has announced the launch of JBS V-Block technology, which inactivates the SARS-Cov-2 virus, the cause of Covid-19. At processing stage, a silver microparticle additive is added to the leather coating providing it with antiviral qualities.
“Our leather has undergone scientific tests that prove the inactivation of the SARS-Cov-2 virus. The application of this new technology sets a new standard in leather production. It not only inactivates the spread of viruses including Covid-19 but assists in the preservation of the material making it ideal for use in surfaces that are used regularly or come into contact with a number of people meaning there is potential increased exposure to Covid and other viruses, such as furniture, seating and vehicle steering wheels or items such as clothing, bags and wallets,” said Guilherme Motta, president of JBS Couros.
In tests conducted in the level 3 biosafety laboratory (NB3) of the Institute of Biomedical Sciences of the University of São Paulo (ICB-USP), the material showed 99-percent inactivation of the SARS-CoV-2 virus in 30 minutes from contact with viral particles. “The use of this technology increases the contact surface of silver and its prominence in the leather, enabling antiviral action,” says researcher Lucio Freitas, who participated in the tests of the new material. The tests were made in accordance with the international standard ISO 21702, which establishes the most appropriate methods to detect antiviral activity in plastics and non-poral surfaces.
The microparticles are constructed from the synthesis of silver salts — an element chosen for their recognized antiviral action — and stabilized by synthesis technology. “Silver microparticles are able to inactivate the virus by two mechanisms: in its membrane — where they break this external coating of the virus and inactivate its entry into the host cells and, in RNA (or DNA), where they oxidize the genetic material of the exposed virus, inactivating its multiplication capacity,” says materials scientist Daniel Minozzi, founder and director of Nanox, a company specializing in new materials and antimicrobials that developed the additive used by JBS Couros.
ACTON, Mass. — July 19, 2021 — To demonstrate the resilience of the Lexus LC Convertible under extreme weather conditions, Toyota Motor Europe (TME) recently froze the vehicle at -18°C (-40°F). While in deep freeze at the Millbrook Cold Weather Chamber, the convertible was outfitted with a high-performance Sonnenland A5B/DS soft top material from Haartz that shielded its interior components for 12 hours. In the past, this type of protection was normally only offered by coupes and hardtops.
Manufactured using aspects like a fabric laminate and enhanced 3-ply topping, the Sonnenland A5B/DS material from Haartz demonstrates the latest innovation in textile and laminate manufacturing. This successful test with Lexus shows that automotive materials, like those manufactured by Haartz can provide the protection of a hardtop without sacrificing the comfort and feel of a soft top convertible.
“Haartz has always committed itself to providing the highest quality soft top material for convertible owners on the market,” stated Matthew Williams, vice president, global automotive exteriors & new markets for Haartz. “This test from Toyota Motor Europe and Lexus shows that by using the latest innovations in textile manufacturing, soft tops can provide just as much protection for your vehicle against the elements as a traditional hardtop cover would.”
With technology ever-progressing, Haartz can detail the innovative process of manufacturing the Sonnenland A5B/DS material and other plastic and textile products currently under development. To date, Haartz remains a world leader in highly engineered and uniquely designed convertible toppings, flexible interior trim and interior surface materials.
COEUR D’ALENE, Idaho — July 23, 2021 — Continuous Composites Inc. today announced the successful closing of its $17 million Series A financing led by B. Riley Venture Capital (BRVC), a subsidiary of B. Riley Financial Inc. (B. Riley). This latest investment follows prior funding rounds led by strategic partners Arkema S.A. and Saint-Gobain S.A. .
B. Riley Venture Capital employs a strategy focused on investing in late-stage private growth companies with a path towards public markets. BRVC’s mission closely aligns with the company’s growth strategy, and access to B. Riley’s full suite of investment banking solutions makes BRVC an ideal partner for Continuous Composites. This round of financing provides Continuous Composites with the growth capital to commercialize its proprietary Continuous Fiber 3D Printing (CF3D®) product offerings, as well as advance and protect the company’s expansive patent portfolio.
CF3D is an innovative additive manufacturing solution that combines high-performance continuous fibers with rapid curing resins in a 3D printing process to enable affordable manufacturing of complex composite structures. An industry-agnostic automated solution, CF3D is comprised of configurable hardware, proprietary software, and tailorable material solutions for strong yet lightweight applications.
“We are thrilled to partner with Tyler and the entire Continuous Composites team as they bring their disruptive technology to the market,” said Todd Sims, president of B. Riley Venture Capital, who will be joining the Continuous Composites board as part of this investment. “We were drawn to Tyler’s vision and leadership, the attractive revenue and margin profile of the business, and their blue-chip customers, both industrial and governmental, which we see as clear validation of the CF3D® technology,” Sims added.
Tyler Alvarado, Continuous Composites CEO commented: “This round of financing provides us with the growth capital to address the extraordinary demand from our customers. Over the years, we have taken a purposeful approach toward building breakthrough technology supported by a strong team and intellectual property portfolio, and we welcome Todd and the B. Riley team to our stakeholder group as we advance to the next phase of corporate development.”
MÖNCHENGLADBACH, Germany — July 23, 2021 — Denim manufacturers employing trusted Monforts technologies continue to lead the field when it comes to sustainable fabric manufacturing, rapidly adopting every new advance in fibres, dyes and chemicals, as well as process and supply improvements and recycling options into their operations.
Many took the opportunity to showcase their latest activities at Première Vision’s Digital Denim Week, held from July 5-9.
Holistic
The new Naveena Denim Mills (Pakistan) Holistic collection, for example, employs a suite of sustainable materials such as organic cotton and post-consumer and post-industrial waste cotton that has been shredded and recycled at its in-house unit in Pakistan.
Hemp and Tencel provide sustainable and aesthetic qualities to the collection and the company is replacing conventional elastane with Roica’s Cradle-to-Cradle certified degradable option and polyester with CiClo — a material developed by re:newcell of Sweden that repurposes discarded cotton textiles, such as worn-out denim jeans, through a process akin to recycling paper.
“At Naveena, we constantly ask ourselves how we can create lasting social and environmental impact while designing new products and services for the market,” said Aydan Tuzun, Naveena’s executive director of Global Sales and Marketing.
According to Première Vision experts, denims featuring blends with bio-sourced fibres such as nettle and kapok are now being used to attain softer handles, a lighter feel and natural waterproofing, avoiding the need for additional finishing treatments. Both are highly insulating fibers, while thanks to its almost silk-like visual and tactile advantages, soy fiber is an eco-friendly alternative and biopolymers made from corn, beet and sugar cane are all emerging as potential new solutions.
Open secrets
Supply chain transparency is also becoming increasingly important, and Turkey’s Bossa is now sharing information on its dyes, energy sources and recycled content use with its customers. For organic cotton in particular, Bossa provides QR codes with which brands can identify the names of individual farms and their locations, as well as details such as the origins of specific seeds and the use of irrigation by growers.
“We believe that if we are doing something good, it shouldn’t be a best-kept secret, and we are also sharing this information with other denim manufacturers,” said Per Besim Özek, Bossa’s Strategy and Business Development director. “Traceability is already an expectation rather than a differentiator since brands want to see the data. Some retailers will even establish ultimatums, asking suppliers to prove specific targets have been met, in order to retain their business.”
Turkey’s Orta’s new Denim Route — inspired by the historical Silk Road for trade between the East and West — is an interactive supplier map detailing the regions from which it sources cotton, dyestuff, chemicals and various fibers to complement its other transparency initiatives.
Via a dedicated app, the Denim Route shares three years’ of LCA (life cycle assessment) data on each of the company’s fabrics featured. By scanning the QR code on a product’s hangtag, users can pull up the data for detailed information.
More than just a label saying that garment are ‘ethically-made’ or ‘sustainably-sourced,’ transparency of sourcing back to the first steps of the supply chain, the processes and the companies involved are becoming a consumer mandate, the company says.
Game changer
Meanwhile, a living and breathing piece of clothing that absorbs carbon dioxide while simultaneously producing oxygen was introduced at Digital Denim Week 2021 by Azgard 9 (Pakistan) .
Treated with microbial pigmentation, this garment — which is currently being analysed by all of the company’s global customers, from large luxury fashion groups like LVMH to fast fashion brands like Zara — basically behaves like a plant or tree.
During its life cycle, it will improve the immediate environment of the wearer and produce approximately the same amount of oxygen as an oak tree. In addition, the garment is water resistant and breathable, with advanced antimicrobial and anti-odor properties.
“While brands are thinking about their next collections, we have been thinking about collections of and for the future,” said Azgard 9 CEO Ahmed Shaikh. “Essentially we want to provide a climate positive result simply from everyone wearing clothes. The goal now is to turn this into a mainstream concept.”
Caretakers
“Our photosynthetic coating is a living layer of photosynthetic microorganisms that we embed into textiles,” explained Dian-Jen Lin of the Post Carbon Lab in London which has worked with Azgard 9 on the development. “What this means is that it absorbs carbon dioxide from the atmosphere and releases oxygen during both its production and the user phase.
“It’s radical because like a plant, textiles treated with microbial pigmentation have basic survival needs and require an adjustment in mentality and behavior by the consumer. They have to adopt a caretaker role, but we’ve developed the coating so it responds to artificial light and only needs a little moisture — you can hang it up after you shower and the humidity will be enough.”
A modern Monforts denim finishing range.
“It is really inspiring to see such innovations continue to emerge from the denim sector,” said Monforts Marketing Manager Nicole Croonenbroek. “Monforts has a leading position in the field of denim finishing with its well proven range for resource-efficient and economical processing and our partners are constantly setting themselves new goals in respect of sustainable production — and more importantly, going beyond them. We work closely with them to constantly optimize processing parameters and achieve further savings in energy, water and raw materials throughout the dyeing and finishing stages of production as their partner for value added finishing.”
The key vertically-integrated users of Monforts equipment present at Première Vision Digital Denim Week included AGI Denim (Pakistan), Azgard 9 (Pakistan), Berto (Italy), Bossa (Turkey), DNM (Turkey), Kilim (Turkey) and Orta (Turkey).
BASEL, Switzerland — July 22, 2021 — H.B. Fuller, a global adhesives provider, has today announced a strategic partnership with Covestro, one of the world’s largest polymer suppliers, to deliver an adhesive with a reduced climate impact for the woodworking, composites, textiles and automotive industries.
“We are driven by the very present need to reduce CO2 emissions and look after the world around us, and so too are our customers”, said Iñaki Sigler, H.B. Fuller’s Global Product Manager for Woodworking and Composites. “This inspires us to continually explore new avenues to reduce our products’ environmental footprint and encourage our supply chain to do the same. Together with our partner, Covestro, we see this new, strategic product development as an investment in all our futures and a commitment to a more sustainable world.”
Bio-based feedstock partly replaces fossil raw materials via the mass balance approach
The new ingredient used in H.B. Fuller’s adhesive is a bio-attributed raw material created via a mass balance approach and will replace a proportion of previous fossil raw materials. Renewable raw materials are used as feed stock at the very beginning of the value chain and processed together with fossil-based ingredients in the same production units. The characteristic of the renewable feed stock process is then attributed to the end-product.
“We are excited to supply H.B. Fuller as our first customer for adhesive applications with a mass-balanced product,” said Dr. Thorsten Dreier, head of Coatings and Adhesives at Covestro. “With the increased use of such alternative raw materials, we want to become less dependent on petrochemical feedstocks and contribute to the reduction of CO2 emissions. Alternative raw materials are part of a comprehensive program to work with our partners to drive the transition to a Circular Economy and ultimately become fully circular ourselves.”
The usage of an equivalent amount of the alternative feed stock is guaranteed by Covestro through a third party verified certification method. By gradually converting its production to alternative raw materials and working with reliable partners, who in turn collaborate with many certified suppliers, Covestro aims to replace fossil materials and make its value chains more sustainable. As mentioned, the correct raw material balance, the allocation method, and the raw material sourcing — according to defined sustainability standards — is ensured via an independent third-party certification.
A no-compromise approach
H.B. Fuller is able to use the new drop-in solution immediately in its existing manufacturing processes without any technical conversion. No adjustments are required at its customers’ facilities either. Product quality is in no way inferior to conventional counterparts, but the lower attributed CO2 footprint makes products more sustainable. In fact, the company has made sure that its customers’ own products and processes will not be compromised in any way. The ‘reformulation’ of the reactive hot melt adhesive has no impact on its performance, nor on their customers’ own manufacturing and can be treated in exactly the same way as the product it replaces.
The new solution represents an evolution of previous sustainable product development and will likely extend into other products and areas of production. Iñaki Sigler concludes, “We believe that any way CO2 emissions can be reduced should be embraced, no matter how small, because many small steps can add up to a strong economy of scale and a giant leap forward for the adhesives industry.”
Both companies believe that the strategic agreement and the innovative process they are now launching together can play a major role in driving the circular economy forward, reducing carbon emissions and replacing the extraction of finite resources with partly renewable raw materials.
GREENSBORO, N.C.— July 22, 2021 — Kontoor Brands Inc., a global lifestyle apparel company with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Mame Annan-Brown as executive vice president of Global Communications and Public Affairs, effective August 11, 2021.
Annan-Brown will have responsibility for all aspects of global corporate communications — developing, leading and executing a cohesive internal and external communications strategy. This includes oversight of message development, media relations, owned and digital content creation as well as employee relations and engagement. She also will have responsibility for leading government affairs strategies to achieve positive outcomes, developing Kontoor’s position on key legislative and regulatory issues. Additionally, she will serve as a representative and advocate for Kontoor’s interest among government agencies and other select associations. As a member of the company’s Executive Leadership Team, Annan-Brown will report to Kontoor’s president and CEO Scott Baxter.
“Mame brings more than two decades of experience in delivering high-impact corporate communications strategies and has a proven track record of positioning leading global institutions, as well as emerging brands,” said Baxter. “Her experience in engaging stakeholders, enhancing reputation and building high-performing teams make her the perfect addition to Kontoor as she takes on this incredibly important role.”
Annan-Brown joins Kontoor from the International Finance Corp. (IFC), a member of the World Bank Group, where she served as Head of External Relations since 2018. Prior to that, she was Head of Communications at IFC Asset Management Company (AMC), Chief Communications Officer at Results for Development Institute (R4D), Director of Marketing & Communications at United to End Genocide and Vice President of Investment Bank, Marketing & Communications at JPMorgan Chase & Co.
“The environment in which we operate has become increasingly complex. Having someone with Mame’s credentials and global perspective will be critical in helping us navigate policy changes, while also continuing to position Kontoor and our brands as an industry leader,” Baxter added. “We are thrilled to welcome Mame to our executive team and look forward to her valuable perspective as we enter the next phase of growth at the company.”
HUNTINGTON BEACH, Calif. — July 22, 2021 — Billabong and Wrangler® are pleased to announce the launch of their first-ever collaboration — the Billabong x Wrangler Collection — which celebrates the best of both brands and the exciting result achieved when you put a western spin on vintage surf. The Billabong x Wrangler Collection’s first installment launches today in anticipation of back-to-school season, with a second fall-inspired installment in September 2021.
For decades, both Billabong and Wrangler have been committed to making products you want to live in forever. The parallels between surf and western culture, along with the origin stories of the brands, make this unexpected partnership a perfect fit. Billabong founder Gordon Merchant’s favorite pair of Wrangler jeans influenced the fit for the first pair of Billabong boardshorts, which were created as a new offering at a time when boardshorts were stiff, abrasive and uncomfortable.
This collection — which is made with eco-conscious materials, including recycled P.E.T., organic cotton and hemp — is a nod to that origin story, while taking cues from the Wrangler brand’s own unique history and its deep connection to cowboy and rodeo culture.
“Whether you’re passionate about riding in the rodeo arena or riding a wave, a shared love for the outdoors can connect us all,” said Holly Wheeler, vice president of global brand marketing at Wrangler. “As we continue to offer new apparel through meaningful collaborations, it’s great to work with a brand like Billabong that aligns with our values and was inspired by our product from the very beginning. The result of our brands authentically coming together is a truly unique, sustainable collection that sits at the intersection of surf and western.”
“Wrangler denim has always been synonymous with timeless craftsmanship and quality and we were really fortunate to work intimately with the team there,” said Brad Lancaster, vice president, Men’s Creative, Billabong. “We’re also feeling really good about the materials we used to create this collection. End to end it’s a sustainable line, using recycled PETs, hemp and organic cottons and recycled materials for the trims — a first for Billabong, and certainly a step in the right direction for the planet.”
There are more than 40 styles in the Men’s collection. A highlight of the collection includes the Icons boardshort, a bold-colored, interchange boardshort that pays homage to the original boardshort style and soul from the ’70s.
The women’s offering is equally robust, with a wide array of styles, materials and silhouettes. The first release is a collection laced with the spirit of the ’70s and country soul, where shoreline tropicals meet western-spun surf graphics and under-the-sun accessories. The second release draws from Wrangler’s primary palette of vibrant retro hues, with a thoughtful assortment of fresh-spun range jackets, denim, fleece and high-waisted cords to face the onset of a changing season.
“Both of our teams are intrigued and enamored with the cultures we live in, so it was a true pleasure and honor to celebrate the collision of two distinct worlds in a modern take on our early years,” says Billabong Women’s Creative Director Allison Roberts. “Just as a denim designer obsesses on creating the most functional and comfortable jeans for riding, we as a surf brand obsess on making the best product for life in and around the ocean. The result is a beautiful intersection of well-worn workwear, forever denim pieces, country surf and timeless bikinis.”
To bring the collection to life, Billabong tapped into the spirit of the Wrangler-inspired Billabong origin story with some of the surf brand’s most recognizable faces of today. Shot in and around the idyllic pointbreaks of Northern New South Wales, Australia, the campaign celebrates a free-and-easy era when function and fashion were one and the same. The premium design collaboration with Wrangler comes through Billabong LAB, a platform that supports artists, musicians, designers and photographers.
The Billabong x Wrangler collection is available on billabong.com, wrangler.com and select retailers.
LOS ANGELES — July 19, 2021 — Platinum Equity announced today it has signed a definitive agreement to acquire Unical Aviation Inc. and certain of the company’s affiliates, a leading provider of aircraft parts and components to the global commercial aerospace market, from affiliates of the company’s founders.
The acquisition includes Unical Aviation, Unical MRO, Unical 145 and Unical Aero. Unical Defense Inc., an affiliate that serves government defense contracts, is not included in the sale to Platinum Equity. The transaction is expected to close during the third quarter of 2021. Financial terms were not disclosed.
Platinum Equity, a Los Angeles-based global investment firm with more than $25 billion of assets under management, has substantial experience investing in supply chain and logistics businesses, including in the aerospace sector. The firm currently owns Incora, a global aerospace and defense supply chain service provider based in Fort Worth, Texas. Unical will operate as a standalone company in Platinum Equity’s portfolio.
With more than 85 million parts and over 1.3 million unique airframe and engine part numbers in stock, Unical is one of the largest suppliers of new and used serviceable material for the global aerospace industry. The company sources, re-certifies and resells aircraft parts to commercial airlines, cargo operators, aircraft lessors, and aviation maintenance, repair and overhaul (MRO) businesses. Unical is vertically integrated with its repair stations, providing a competitive advantage with quick to market service.
“Unical is one of the largest and most trusted suppliers of aftermarket parts and services to aviation customers around the world,” said Platinum Equity Partner Jacob Kotzubei. “As post-pandemic air passenger traffic rebounds and the air cargo market continues to grow, the need for available inventories of quality parts is expected to increase. The aviation industry also anticipates significant levels of fleet retirement, which will create ample levels of supply to meet that growth in demand. As a critical link in the aviation supply chain with more than 30 years of experience, we believe Unical’s value proposition will be more important than ever.”
Founded in 1990 and headquartered in City of Industry, Calif., Unical has more than 450 employees and supplies aircraft parts and components to over 2,100 aviation customers around the globe through a network of dedicated facilities in the United States, Europe and Asia.
“We are excited to partner with the Unical team to build on the company’s impressive legacy,” said Platinum Equity Managing Director Dan Krasner. “With Platinum’s financial capacity and operational resources, we intend to accelerate Unical’s growth and significantly expand its position within the aerospace aftermarket. We will invest in the people, processes, systems and inventory required to help the company move forward stronger than ever as the commercial airline market recovers.”
Lazard is serving as financial advisor, Morrison & Foerster as legal advisor, and Alvarez & Marsal as restructuring advisor to Unical. Sheppard Mullin is serving as legal advisor to the seller. Morgan Lewis is serving as legal advisor to Platinum Equity on the transaction.
