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AstenJohnson Announces Acquisition of Foss Manufacturing Company’s (Northern Division)

Charleston, SC July 26, 2017, AstenJohnson Holdings, Ltd., global supplier of innovative products and technical solutions, today announced its acquisition of the Northern Division of Foss Manufacturing Company, LLC for an undisclosed sum. Marking this occasion, Foss Manufacturing (Northern Division) will become Foss Performance Materials. This new name signifies an important step for Foss Manufacturing Company, our customers and stakeholders.

Foss Manufacturing Company is one of the industry’s leading providers and pioneers in the use of needlepunch nonwoven fabrics and specialty synthetic fibers. Foss Manufacturing Company employs 420 people, with manufacturing facilities in Hampton, New Hampshire.

The acquisition of Foss Manufacturing Company supports AstenJohnson’s plans for growth with a vision to become world leader in needle punch nonwovens. Kevin Frank, CEO of AstenJohnson, said “the purchase of Foss Manufacturing (Northern Division) is a key step in the transformation of AstenJohnson as we enter into new markets for High Performance Materials. We will have two strong pillars to our company going forward – one in paper machine clothing and the other in nonwovens”. Steve Polston, President – Nonwovens for AstenJohnson, noted “This transaction furthers AstenJohnson’s strategy to build a significant second segment to the Company. The addition of Foss Performance Materials expands our participation in new markets and allows us to couple Foss’ reputation for innovation with AstenJohnson and Eagle Nonwovens’ focus on operational excellence.”

AstenJohnson will continue to operate the business with the workforce in place.

Foss Manufacturing Company CEO, A.J. Nassar, commented, “We are delighted to leave our North business division and employees in the very capable hands of AstenJohnson, a company that has been in business for over 200 years. This sale will allow us to concentrate all our resources in the Georgia operations, and continue our expansion of products, innovations and capabilities in the flooring industry.”

For further information, please contact:

Christen Dellett
Corporate Development Manager
Christen.Dellett@astenjohnson.com
www.astenjohnson.com

Randy Brown
Vice President of Kunin Felt
rbrown@fosspm.com
www.fosspm.com

About ASTENJOHNSON
AstenJohnson is a global manufacturer of pulp & paper machine clothing, advanced and filtration fabrics, filaments, and nonwoven fabrics for filtration, automotive, cure-in-place piping and composites. As a supplier to the paper industry since 1790, it has a thorough knowledge of technical textiles and processes – and knows how to apply its expertise to help customers be more profitable. The company employs approximately 2,000 people. Its corporate headquarters is in Charleston, South Carolina, USA.

About Foss Manufacturing Company
Foss is a well-known leader and pioneer in the use of nonwoven needle punch fabrics and specialty synthetic fibers in an ever-expanding number of environments and circumstances. Using state-of-the-art, computerized production in Hampton, New Hampshire, we are unrivaled in our ability to efficiently and effectively design, manufacture, convert, package, and distribute a vast array of products worldwide. As one of the world’s largest needle-punch based manufacturers, we have the expertise and experience to support customers’ needs across virtually all applications and markets.