Performance Fibers Acquires INVISTA Resins & Fibers GmbH's German Polyester Yarn Business; Company Continues Global Expansion, Adds Products and Enhances R&D Capabilities

An affiliate of Performance Fibers today announced that
it has signed an agreement to acquire INVISTA Resins & Fibers GmbH's
German polyester yarn business. Terms of the agreement were not
disclosed.
The acquisition, which includes both commercial and manufacturing
operations in Germany, represents the third major expansion of
Performance Fibers' business in the past year and is a key component
of the Company's growth strategy. In August 2005, Performance Fibers,
an affiliate of Sun Capital Partners, Inc. ("Sun Capital"), the
U.S.-based private investment firm, announced the acquisition of the
North American business of Diolen Industrial Fibers, Inc., a leading
producer of high-tenacity polyester yarns used in a wide variety of
technical applications and tire reinforcement. In January 2005,
Performance Fibers announced a greenfield expansion of its existing
manufacturing operations in China, strengthening their position as a
leading supplier of industrial fibers in China.
"The addition of these German operations will expand Performance
Fibers' presence in Europe, add to our product portfolio and enhance
our technical and research capabilities," said Greg Rogowski,
President and Chief Executive Officer of Performance Fibers. "This
agreement demonstrates our strong commitment to the industry and to
our customers in every region of the world."
The current acquisition includes three manufacturing facilities -
one each in the German cities of Bad Hersfeld, Bobingen and Guben -
which produce industrial fibers for sewing thread, technical textiles
and other industrial and specialty applications. The acquisition will
enable Performance Fibers to provide customers with an expanded
breadth of high-quality products, including a range of low-denier and
high-denier industrial fibers for sewing thread and technical fabrics
used in hoses, safety belts, webbing, slings, filtration fabrics and
rope, among other end uses. Other benefits of the acquisition include
enhanced R&D and technical capabilities, expanded customer service and
improved flexibility of sourcing and delivery. The sale also includes
associate commercial operations in Hattersheim, Germany.
"We are excited to expand our European business and to add such a
talented and capable group to our team," said Alex Carnevale, Vice
President and Managing Director for Performance Fibers' European
operations, who will lead the combined European business. "In bringing
the INVISTA German fiber operations into our European group, our goal
will be to give customers the best of both organizations."
"Sun Capital continues to demonstrate its confidence in the
strength of the Performance Fibers' management team and its strategy
in every region," said Phil Dougall, Managing Director of Sun Capital
Partners, Inc. "With each step taken in executing its global growth
plans, Performance Fibers becomes an even more dynamic, profitable,
global business leader focused on serving the current and future needs
of its customers."
Sun European Partners, LLP advised Sun Capital on this
transaction. The pending acquisition is still subject to various
approvals.

About Performance Fibers

Performance Fibers is one of the world's leading suppliers of
high-tenacity polyester and a global manufacturer of other man-made
industrial fibers and fabrics. With manufacturing facilities in North
America, Asia and Europe, its products are used in a wide range of
consumer and industrial applications. For more information, visit
www.performancefibers.com.

About Sun European Partners, LLP

Sun European Partners, LLP is the European advisor to Sun Capital
Partners, Inc., a leading private investment firm focused on leveraged
buyouts and investments in market-leading companies that can benefit
from its in-house operating professionals and experience. With more
than $3.5 billion of capital under management and with offices in Boca
Raton, Los Angeles, New York, London and Shenzhen, affiliates of Sun
Capital Partners have acquired more than 100 companies throughout the
world with consolidated sales in excess of $30 billion. For more
information about Sun Capital Partners, please visit
www.SunCapPart.com.