Fibrix Filtration acquires Americo Manufacturing Co.
NEW YORK, February 7, 2022 /PRNewswire/ — Fibrix Filtration, the leading provider of specialty high-loft, pleated-media air filtration products, backed by Branford Castle Partners, LP, a New York CityNew York-based private equity firm, today announced the acquisition of Americo Manufacturing Company. Americo is a leading producer of floor pads, cleaning accessories, OEM specialty nonwovens and floor mats. The Fibrix Filtration and Americo brands will be owned by the newly renamed holding company, Clean Solutions Group (CSG), led by Keith White as President and CEO.
“The transition to a greener, cleaner environment is a monumental challenge for this generation,” Mr. White said. “Combining the people, technologies and assets of Fibrix Filtration and Americo creates a formidable nonwovens manufacturing platform focused on innovative clean solutions for home and office environments using environmentally responsible practices. We are thrilled to partner with Americo to create A Cleaner Way Forward™ together.”
“We are thrilled to join Clean Solutions Group as we continue to grow our business by delivering innovative, environmentally friendly products with an unparalleled customer experience,” commented Lenny Shutzberg, CEO of Americaco. “The combination of these two great companies makes us stronger, more adaptable and better positioned to leverage our resources for sustainable future growth.”
“We are proud to support a company that is dedicated to developing solutions for a cleaner, more sustainable environment,” said Laurence Lederer, Senior Managing Director at Branford Castle Partners. “Under the excellent leadership of Keith White and its team, we are confident that Clean Solutions Group will continue to grow strategically, both organically and through acquisitions, while defining the future of the industry. »
Akerman provided legal advisory services and Byline Bank and Brookside Capital Partners provided financing for this transaction. The terms of the contract are not disclosed.
About fibrix filtration
Fibrix Filtration is a leading manufacturer of nonwoven filtration materials for HVAC, paint collection, evaporative cooling, and specialty filters. Based at Mooresville, North Carolina, Fibrix Filtration serves more than 300 customers through its 4 facilities and 8 production lines. Fibrix Filtration’s portfolio of proprietary products, technologies and processes have been developed from over 50 years of innovation and application knowledge. More information is available at www.fibrixfiltration.com.
About Americaco Manufacturing Company
Americo Manufacturing Company, headquartered in Acworth, Georgia, is a leading manufacturer of eco-friendly products such as synthetic and natural fiber floor pads, hand pads, utility pads and floor mats. One hundred percent of the polyester fiber used in products manufactured by Americo comes from recycled materials from post-consumer and post-industrial waste. Americo’s products are currently sold domestically and globally in over 70 countries. More information is available at www.americomfg.com.
About Branford Castle Partners
Branford Castle is a private market investor focusing on lower middle market investments, with over 30 years of experience growing businesses. The company generally makes control investments in companies with less $15 million of EBITDA and a leading position in a niche industry. Branford values the strong relationships it develops with the executives of its portfolio companies. Branford has particular expertise in industrial/specialty manufacturing, consumer products, business services and logistics. More information is available at www.branfordcastle.com.
THE SOURCE Branford Castle