ATLANTA — Mount Vernon Mills has expanded its chemicals business with the acquisitions this year of several chemicals companies, which will help the Mauldin, S.C-based textile company position itself for both textile and non-textile growth with a diverse product line and global reach.
The companies include Apollo Chemicals, Sage Technology, FCI Technologies, American Manufacturing International (AMITEC), and Chemical Technologies, which has a portfolio that includes Callaway Chemicals, Crompton & Knowles and Yorkshire Pat-Chem.
The acquisitions have added 75 employees to Mount Vernon’s chemical group’s employee base of 50, for a total of 125.
The company’s expansion into chemicals began in 2003 with the acquisition of Pat-Chem. Mount Vernon said the expansion has increased chemical sales 12-fold since 2004. Currently, the chemical group sells its products in 20 countries with a heavy emphasis in Central America. The company expects sales to China and Asia to grow significantly because of the 2007 acquisitions. About 35 percent of sales are outside of the textile industry.
Roger W. Chastain, president and CEO, said, “This expansion is a natural extension of our total vertical capabilities to control every aspect of textile manufacturing from fiber to finished product. Chemistry and textile technology go hand in hand in the making of every type of fabric—woven, knitted or nonwoven. In order to gain product superiority, many times it is the proprietary chemical formulas that distinguish the product.”