Posted June 14, 2016

 

GREENSBORO, N.C. – BGF Industries, a global manufacturer of woven and nonwoven materials from high performance fibers, announced that Warwick Capital LLP has purchased controlling interest in this advanced, high-performance textile company.

 

Warwick Capital Partners, LLP, a London-based private equity fund, has remained steadfast in its interest to acquire Porcher Industries throughout the extended sales process. It brings many years of knowledge and insight in investing in industrial sectors and will continue to offer the highest level of service and quality of products to BGF customers.

 

“Bringing together the technical expertise of manufacturing high-performance fibers with the backing that Warwick Capital LLP provides brings us closer to making additional strategic investments that will provide the highest level of quality products and will allow us to continue to make technical advancements and innovation within our industries,” says Robby Dunnagan, BGF president.

 

There should be no change in the relationships that BGF or Porcher have with their customers, employees or partners as a result of this sale, the company said.

 

Source: BGF Industries

BGF Industries announces new ownership