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Thursday 7 October 2010

PGI to be acquired by Blackstone

Charlotte, NC - Polymer Group has announced it has entered into a definitive agreement to be acquired by an affiliate of Blackstone Capital Partners V L.P. The transaction is the result of the strategic review process initiated by PGI on April 7, 2010, and is expected to close prior to the end of the first quarter of 2011.

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