Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 29, 2015 8:24 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of AVINTIV Specialty Materials Inc.

Company Overview

AVINTIV Specialty Materials Inc. develops, produces, and markets nonwovens to consumer and industrial markets. It operates through four segments: North America, South America, Europe, and Asia. The company’s products are used for personal care comprising baby diapers and feminine hygiene products, and substrates for fabric-softening dryer sheets; infection prevention, including specialty materials for use in various medical garments, such as surgical gowns and drapes, and household cleaning wipes; and high performance solutions consisting of filtration media for pool and spa filters, and protective house wraps, as well as specialty agriculture and industrial customers. It also provides nonwo...

9335 Harris Corners Parkway

Suite 300

Charlotte, NC 28269

United States

Founded in 1994

4,400 Employees

Phone:

704-697-5100

Fax:

704-697-5116

Key Executives for AVINTIV Specialty Materials Inc.

Chief Executive Officer, President and Director
Age: 46
Chief Financial Officer, Executive Vice President and Treasurer
Age: 41
President of Americas & Global Wipes & Technical Specialties
Age: 47
President of Global Operations & Business Excellence
Age: 51
President of APAC & Global Hygiene
Age: 58
Compensation as of Fiscal Year 2015.

AVINTIV Specialty Materials Inc. Key Developments

Polymer Group, Inc. has Changed its Name to AVINTIV Specialty Materials Inc

On June 05, 2015, Polymer Group, Inc. changed its name to AVINTIV Specialty Materials Inc.

Polymer Group Appoints David Wang as President of PGI Asia

Polymer Group, Inc., or PGI, has announced the appointment of David Wang as president of PGI Asia. Wang brings over 20 years of experience across various disciplines, leading multi-national organizations in China and around the world to the new position leading PGI's efforts toward continued growth and market leadership in the hygiene and healthcare markets.

Polymer Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Polymer Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $461.238 million compared to $422.584 million a year ago. Operating income was $35.830 million compared to $9.151 million a year ago. The overall increase in operating income was primarily driven by increased profit contribution from acquired businesses, productivity improvements and the benefits from favorable raw material trends on spreads. Loss before income taxes was $35.726 million compared to $3.796 million a year ago. Net loss was $40.274 million compared to $9.496 million a year ago. Adjusted EBITDA was $73.527 million compared to $48.603 million a year ago. Net debt (defined as total debt less cash balances) as of March 31, 2015 was $1,314.9 million compared with $1,304.3 million as of December 31, 2014. Capital expenditures for the three months ended March 31, 2015 and March 29, 2014 were $11.0 million and $14.1 million, respectively. Net sales decreased primarily as a result of lower raw material costs and the associated pass through. The increases in both net sales and Adjusted EBITDA was driven by acquisition, growth in core markets, manufacturing efficiencies, global cost optimization, raw material cost management and focus on operational excellence. The year-over-year increase in adjusted EBITDA was primarily related to contributions from the Providencia and Fiberweb acquisitions and associated synergies, while the increase versus the prior quarter reflected improved pricing and lower raw material cost combined with continued cost improvements. Excluding acquisitions, profit benefited from higher underlying volumes and cost improvement initiatives. Capital expenditures were primarily associated with investments in additional spunmelt capacity in North America, upgrade to their spunmelt capacity in Europe and relocation project in Nanhai, China. During the first quarter, net cash used from operating activities was $500,000.

Similar Private Companies By Industry

Company Name Region
Titan Industries, Inc. United States
Royce Too LLC United States
Eveden Inc. United States
The Hallwood Group Incorporated United States
Bluebird United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact AVINTIV Specialty Materials Inc., please visit www.polymergroupinc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.