Sun Capital Partners, a leading private investment firm specialising in leveraged buyouts and investments in market-leading companies, has announced the sale by an affiliate of its investment in Frontier Spinning Mills, one of the largest producers of spun yarns for the knitting and weaving industries, to American Securities LLC.

Yarn production

Headquartered in Sanford, North Carolina, Frontier offers a diverse product line, with market-leading positions in open-end and air jet spinning technologies.

Yarn produced by Frontier is used in the production of sportswear, undergarments, socks, sweaters, fleece, denim, and home furnishings. The company operates state-of-the-art manufacturing facilities in multiple states and employs 1,076 people.

Moving forward

Following the acquisition of Frontier by an affiliate of Sun Capital, the management team was strengthened, the company reports, and its operations were optimised.

Frontier made substantial investments in capital equipment and training to further modernise and broaden its operations and product set through the implementation of leading-edge technologies.

“Frontier’s emergence as the second-largest cotton spinner in the US validates the success and progress the company has achieved under our ownership,” said Marc Leder, Co-CEO at Sun Capital. “We are confident the company is well-positioned for continued growth as a result of its increased plant capacity, streamlined manufacturing footprint, optimised productivity, and expanded product line.”

Sun Capital Partners

Sun Capital Partners is a pioneer in private equity investing. It has experience in the textiles and industrial fabrics sector through current affiliated portfolio companies, including Performance Fibres, a leading supplier of high-tenacity polyester fibres and fabrics, Nylon-6, engineered fabrics, sewing thread fibres and advanced materials.

Sun Capital affiliates have invested in more than 330 companies worldwide with combined sales in excess of $45 billion since its inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen.

www.suncappart.com