Invista completes purchase of maker of flame-resistant fabric
03/26/2013 11:17 AM
03/26/2013 4:43 PM
Koch Industries subsidiary Invista has acquired Ashburn Hill Corp., which makes flame-resistant garments.
Prior to the acquisition, Invista held a minority interest in the company. Terms of the purchase were not disclosed by Invista.
Invista will incorporate Ashburn Hill’s TecGen-branded flame-resistant fabrics into its existing performance and protective fabric offerings, according to a news release from Invista.
“The TECGEN flame-resistant brands have quickly gained trust in the marketplace, and by coupling that expertise with Invista’s existing global workwear capabilities, we have high expectations for the specialized garment segment,” Jeff Brown, executive vice president, Invista Performance Materials, said in a statement.
The purchase includes Ashburn Hill’s administrative offices in Greenville, S.C., and manufacturing plant in Angleton, Texas. Invista has 10,000 employees in 20 countries.
Jon Heard, who left Invista in 2008 to become chief executive of Ashburn Hill, will continue to lead the business under the new ownership.
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