Polyester fibre manufacturer USFibers gains backing for expansion

USFibers has received strategic investment from US-based private equity entities Glisco Partners and Orion Infrastructure Capital (OIC) to strengthen market expansion.

Established in 1994, the company is a vertically integrated recycler and manufacturer of polyester staple fibre in the US.

It has recycling operations that process post-industrial and post-consumer PET waste into fibre and keep by-products out of landfill.

USFibers said the funding represents the next stage of its development.

The proceeds aim to help add production capacity to address demand in core end markets, develop technical and product capabilities with a focus on specialised and engineered fibre applications.

The funding is also aimed at expanding coverage through possible entry into new markets and value-added services, as well as continuing to spend on recycling infrastructure.

USFibers will remain under its current management team led by Teddy Oh, with operations continuing under the existing structure.

Oh said: “We are excited to partner with Glisco and OIC as we build on the strong foundation we’ve established over the past three decades.

“This investment strengthens our capacity, broadens our capabilities, and allows us to continue delivering high-quality, customised solutions to our customers. Just as importantly, it positions us to be an even stronger, long-term partner to our employees, suppliers, and customers.”

According to USFibers’ website, it operates a pilot-scale staple production line and a pilot-scale needlepunch nonwovens line.

"Polyester fibre manufacturer USFibers gains backing for expansion" was originally created and published by Packaging Gateway, a GlobalData owned brand.

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