New Owners To Take Over Trevira November 1

On November 1, Stefan Messer and Dr. Karl-Gerhard Seifert will take over Germany-based Trevira GmbH
— a manufacturer of high-value branded polyester fibers and filament yarns for the apparel, home
textiles and automotive industries as well as hygiene and technical applications — from
India-based Reliance Group. Trevira had filed for bankruptcy in June
(See ”
Files For Bankruptcy
,” June 9, 2009)
. It was initially hoped the transfer would occur
October 1, but the deal did not receive European antitrust approval in time.

The transaction includes all registered designs and patents of the Trevira Group; Trevira’s
Germany-based manufacturing facilities in Bobingen and Guben; a production site in Zielona Gora,
Poland; and sales offices in Hattersheim, Germany, as well as other locations.

Approximately 1,450 employees will continue to work with Trevira once the sale is complete.

October 6, 2009