The manufacturer of specialty chemicals, floor covering, and performance and protective textiles Milliken & Company, Spartanburg, SC/USA, is acquiring Polartec LLC, Andover, MA/USA, from Versa Capital Management LLC, Philadelphia, PA/USA. The acquisition is expected to close in June.
Polartec offers an extensive portfolio of fabric technologies for outdoor apparel, from performance-driven and consumer-focused textiles, to flame-resistant, workwear and military-grade fabrics. The addition of the Polartec brand – particularly its outdoor and fleece textiles – rounds out Milliken’s comprehensive portfolio, allowing the company to deliver very good access to a range of performance textiles for consumers, industrial workers and military personnel around the world.
Since inventing modern technical fleece in 1981, the Polartec continues to advance the science of fabric, creating fabric technologies that solve problems and improve the way products are designed and used. Polartec products range from lightweight wicking and cooling fabrics, to insulation and weather protection textiles, and are utilized by consumer brands, the US Military and other global militaries, flame resistance, workwear, and contract upholstery markets.