Article: Propex Fabrics Inc. Completes Acquisition of BP Fabrics and Fibers Business.

HOUSTON, SAN FRANCISCO and AUSTELL, Ga., Dec. 2 /PRNewswire/ -- Propex Fabrics Inc., a subsidiary of Propex Fabrics Holdings Inc. (formerly AFFC Holdings, Inc.), today announced it has finalized the acquisition of BP's Amoco Fabrics and Fibers subsidiary and its associated assets. The transaction was sponsored by an investor group comprised of The Sterling Group, L.P., Genstar Capital, L.P. and Laminar Direct Capital, L.P. As with other Sterling, Genstar and Laminar Direct Capital investments, management of the purchased company will also be participating significantly in the ownership of the newly independent organization. The acquired business will operate under the ...

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