The management team of TWE Nonwovens US successfully completes a management buyout of the business from Vitafoam, Inc., a division of UK parent company The Vita Group, Ltd.
Category Archives: Timeline
Investment
Investment into Ft. Wayne, IN with the addition of the production line from Vita Portways.
Re-commissioning
Re-commissioning of Ft. Wayne, IN as a manufacturing site and introduction of the Vita Group as new company.
Re-opening
Re-opening of Ft. Wayne, IN facility as a distribution site to the mid-west, and closure of Vita Portways facility in the UK.
Acquisition
Acquisition of British Vita by venture capital changing the name to British Vita Ltd., and temporary suspension of operations in Ft. Wayne, IN.
Greenfield
Greenfield start up of Indiana manufacturing site in Fort Wayne, IN.
Greenfield
Greenfield start up of Texas manufacturing site in Schertz, TX.
Addition of second technical
Addition of second technical nonwoven line installed in High Point.
US investment
US investment of first state-of-the art carding line was approved for automotive growth in NC.
The Olympic division
The Olympic division of Cone Mills was acquired, including a fibre fill manufacturing site in High Point, NC.