TEXTILES.ORG
Universal Fiber Systems announced that the company has acquired Fiber Innovation Technology (FTI), based in Johnson City, Tenn.
“We’re thrilled to add FIT to Universal Fiber Systems. I’ve long admired FIT and am impressed with what Chris Parris and his team have accomplished,” said Marc Ammen, CEO of Universal Fiber Systems. “We will be supporting FIT by expanding its production capacity in the very near future to continue advancing our market leadership.”
“FIT and I are very excited to join the Universal Fiber Systems’ team,” says Parris, general manager of FIT. “We look forward to the new growth this venture will bring, and continuing our tradition of innovation, expertise, and unparalleled customer service, now under the Universal Fiber Systems umbrella.”