Albany International Corp. completed the sales of the assets of its Primaloft Products business to a management led buyout group for $37.9 million June 29, according to papers filed with the U.S. Securities & Exchange Commission.
Albany International agreed to the sale in early May, when it announced a company newly formed by the current PrimaLoft management team, in partnership with Prudential Capital Partners L.P. was purchasing the business.
PrimaLoft is the world leader in synthetic insulations and yarns used in outdoor and fashion brands, home furnishings, work wear, and military applications.
