Non-Strategic
Non-Strategic consists of three portfolio companies: Drake Extrusion, Phormium, and Plastibert.
Drake Extrusion
Drake Extrusion is North America's leading producer of polypropylene-based colored filament yarn and staple fiber. Staple fibers are produced in various diameters and cut to predetermined lengths. Customers process the fiber into synthetic fabrics or other materials used in the production of the final product. Filament yarn is yarn manufactured in various diameters before being delivered to customers, primarily in the furniture industry. The operations are located in Martinsville, Virginia.
Phormium
Phormium develops, produces, and sells fiber-based textiles for professional crop cultivation. Their products contribute to favorable environments in greenhouses, mushroom cultivation, and composting facilities. The primary product is textiles for greenhouses, regulating the climate for cultivation, including functions such as excluding radiant heat and providing insulation for energy efficiency. The wholly-owned production facility is located in Lokeren, Belgium, and Phormium is one of the leading players in the global market.
Plastibert
Plastibert, established for over 60 years in the international market for coated textiles, operates a fully-owned production facility in Wielsbeke, approximately 30 km southwest of Ghent.