Vita Nonwovens Management Team Completes Buyout

The management team of Vita Nonwovens LLC, High Point, N.C., has completed its buyout of the
business from its parent company, United Kingdom-based The Vita Group’s Vitafoam Inc. division. The
team partnered with private equity enterprises Capital South Partners and Crutchfield Capital, both
based in Charlotte, combined with Source Capital Mezzanine Fund and PNC bank.

Vita Nonwovens manufactures nonwoven materials for automotive, construction, filtration,
furniture, hygiene, and mattress applications. The company operates three facilities in the United
States: a 130,000 square-foot (ft
2) facility in High Point that houses senior management and three high-speed thermal
bond carded crosslapped lines; a 78,000-ft2 manufacturing facility equipped with one thermal bond
line in Schertz, Texas; and a 108,000-ft2 manufacturing facility equipped with one thermal bond
line and one high-speed dual-card with high-speed needling in Fort Wayne, Ind.

“We have built a solid foundation and forged strong partnerships over the years which are
critical for our future,” said Kevin Womble, executive vice president of sales and marketing, Vita
Nonwovens. “We want to enhance our customers’ experience and continue to find ways to bring value
in support of their initiatives. Our new structure will allow us to achieve these objectives with
an entrepreneurial flair.”

October 16, 2012