Ironwood Capital has exited its investment in FIBER-LINE, a high-performance fibre manufacturer headquartered in Hatfield, Pennsylvania.
The company was purchased by PolyOne Corporation, a provider of specialised polymer materials, services and solutions.
Founded in 1987, FIBER-LINE is a leading developer, manufacturer and marketer of high-tech fibre products for a growing range of industries and applications. With five manufacturing locations in North America, Europe and Asia, FIBER-LINE provides material science and polymer formulation expertise to engineer specified performance characteristics for fibre.
“FIBER-LINE has doubled its size from our initial investment. Under the leadership of CEO Dale Outhous, the company has developed a strong customer-centric culture while growing and diversifying its business,” says Dickson Suit, managing director, Ironwood Capital. “We congratulate Dale and his team for past successes and wish them future successes with PolyOne.”