Empire Investment Holdings Appoints Thomas G. Wood President of Polyester Fibers, LLC
Miami, Florida, March 9, 2009 (Business Wire) - Empire Investment Holdings, a private investment firm focused on the acquisition and strategic management of non-core business units from the Global 2000, announced today that Thomas G. Wood has been appointed president of one of its portfolio companies, Polyester Fibers, LLC. Polyester Fibers, comprised of five operating units: Tupelo Fibers, Cumulus Fibres, Cameo Fibers, Mountain Mist and Buffalo Batt, is the largest manufacturer and distributor of value-added, high-loft non-woven materials for the bedding, furniture, filtration, and retail marketplace.
Mr. Wood is a senior executive with twenty-nine years of general management, sales management and operational management experience. He began his management career in 1980 at Hanes Companies, Inc., where he served as sales manager. Thereafter, through an acquisition with Leggett and Platt ("L&P"), he became vice president and general manager for all of L&P's fibers manufacturing plants in Mississippi. Mr. Wood earned a bachelor's degree from Mississippi State University.
"We have spent the last several months working closely with Tommy and have found him to be a highly energetic leader, with an incredible business background," said David F. Alfonso, Empire's chairman and chief executive officer. "As the market leader, Polyester Fibers is well positioned for meaningful growth, and with Tommy at the helm, the company is prepared to execute on our strategic plan."
"I am honored about the opportunity to lead such a great company with a proud history." said Mr. Wood. "This is an exciting time for Polyester Fibers, now that we are past the many months of uncertainty and are a privately held company with a clear mandate for growth."
"Our new owner has clearly demonstrated its complete commitment to our company." said Mr. Wood. "It is refreshing to have the support of Empire, as we build on the foundation that has been focused on producing quality products, backed by the highest customer service."
About Empire Investment Holdings
Empire Investment Holdings ("Empire") is a private investment firm focused exclusively on the acquisition and strategic management of non-core business units from the Global 2000. Empire adheres to a well defined and focused acquisition strategy that is driven by the firm's history in acquiring, operating and managing over 40 corporate divestitures across several industries. Empire's approach is specialized in addressing the complexities of acquiring corporate divestitures, as well as ensuring post close business continuity. For additional information please visit www.empireih.com
About Polyester Fibers, LLC
Polyester Fibers is the largest and most flexible manufacturer and distributor of value-added, high-loft nonwoven materials for the bedding, furniture, filtration, craft, and seasonal markets in the United States. The company, comprised of 5 operating units; Tupelo Fibers, Cameo Fibers, Cumulus Fibres, Mountain Mist and Buffalo Batt, has more than 450 employees serving thousands of customers in the United States, Canada, and Europe.
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