Stein Fibers Ltd., Albany, N.Y., reports it has purchased Charlotte, N.C.-based Consolidated Fibers and J.E. Herndon Co., Kings Mountain, N.C.
Consolidated Fibers specializes in man-made fibers for the nonwovens industry. In addition to polyester and viscose fibers, Stein reports the acquisition adds “a complement of speciality and niche products to its portfolio. Bob Kunik, owner and president of Consolidated Fibers, as well as several other key sales and operational associates will remain with the company.
J.E. Herndon specializes in the purchase and processing of textile mill fibers and by-products. Its finished fiber blends are used globally in diverse applications including industrial yarns and banknote paper. J.E. Herndon President and Owner Patrick Mullen has joined the Stein Fibers sales and marketing team, which is based in Charlotte.
“The diversification and opportunities that J.E. Herndon will bring to our business will complement our core focus, as well as those brought by our recent acquisition of
Consolidated Textiles,” said Chip Stein, owner, Stein Fibers. “We are fortunate to have such well-respected and successful businesses as a part of Stein Fibers.”