PrimaLoft, Inc announced that it has completed the acquisition of the assets of PrimaLoft from Albany International Corp.
The purchase of PrimaLoft was led by Michael Joyce, former President of Albany International Corp’s Applied Technology Group, and the PrimaLoft senior management team. The purchase of the PrimaLoft business was supported by Prudential Capital Group.
“Today is an exciting day for the PrimaLoft brand,” stated Michael Joyce, president and chief executive officer of PrimaLoft, Inc. “Over the last 20 years, PrimaLoft has grown to become the world leader in performance insulations and yarns. We’ve had an incredibly rich history with Albany International Corp, and now we look to the future and focus our efforts on unlimited opportunities to reinvest in the brand to drive innovation, grow brand awareness, elevate our partnerships and exceed the expectations of our world renowned customers.”
“We look forward to working with Michael Joyce, and the entire PrimaLoft team as they focus on driving long term growth for the brand,” said Paul Meiring, principal, Prudential Capital Partners.
The entire global PrimaLoft team will remain in place and offices will remain headquartered in Albany, New York; with European office locations in Ballo, Italy and Munich, Germany.
To learn more about PrimaLoft, visit www.primaloft.com.
Tags: PrimaLoft