PrimaLoft Acquisition Completed
July 9, 2012,
ALBANY, N.Y.-PrimaLoft Inc. has completed the purchase of the PrimaLoft business from Albany International Corp.
Terms were not disclosed. The acquisition was led by PrimaLoft's president and CEO, Michael Joyce, former president of Albany International's Applied Technology Group, and the PrimaLoft senior management team, and received support from Prudential Capital Group.
The PrimaLoft executive team will remain in the company's headquarters here and in the company's European offices in Ballo, Italy, and Munich.
PrimaLoft manufactures and markets the PrimaLoft fill, which is used in basic bedding manufactured by Downlite, and high-performance insulations and yarns used in outdoor apparel, work wear and military applications.