Acquisition Would Expand Portfolio with Industrial Polyester Sewing Thread Fiber
and Nylon 6 Fibers and Fabrics

RICHMOND, Va. – An affiliate of Performance Fibers Holdings, Inc. (“Performance Fibers”) announced that it has signed a definitive agreement to acquire the North America tire cord and polyester industrial filament businesses of INVISTA S.á r. l. and its affiliates (“INVISTA”). Included in the sale are manufacturing facilities in Salisbury, N.C., Shelby, N.C. and Winnsboro, S.C.; as well as industrial polyester, industrial nylon 6, and tire cord fabric-producing assets currently operating inside INVISTA’s Querétaro, Mexico site. The purchase agreement was signed on Nov. 30, 2007. Terms of the agreement were not disclosed.

Affected operations include the manufacturing of industrial polyester and nylon 6 fibers for use in a wide range of end uses such as tires, power transmission and conveyor belts, sewing thread, auto safety, rope, cordage, netting and fabrics for tires. INVISTA Querétaro’s PET Resin business and its contract manufacturing operations for fine denier staple are not included in the agreement.

Many of the products to be acquired are complementary with Performance Fibers’ offerings of high-tenacity polyester used in a wide range of segments including energy, environment, architectural design, transportation, lifestyles and leisure, safety and security, and specialty. The purchase would expand Performance Fibers’ core polyester offerings with additional industrial polyester sewing thread fibers, and add nylon 6 fibers and fabrics.

“This planned acquisition will enable us to offer a broader range of fibers and fabrics in the Americas and provide customers in this region with a local supply source, while strengthening our global product portfolio and enhancing our research and development capabilities,” said Greg Rogowski, president and chief executive officer of Performance Fibers. “It is consistent with our strategic growth plan to focus on key segments and emphasizes our ongoing commitment to business in North America.”

"Since Performance Fibers became an affiliate of Sun Capital Partners in 2004, we have worked closely with the management team to aggressively expand the business through strategic acquisitions and investments,” said Kevin Feinblum, Principal, Sun Capital Partners, Inc. “This acquisition reflects Sun Capital’s continuing commitment to grow Performance Fibers’ business in North America, Asia and Europe, and enhances the company’s ability to compete in the global marketplace.”

Performance Fibers, an affiliate of Sun Capital Partners, Inc., acquired INVISTA Resins and Fibers GmbH’s German polyester yarn business in August 2006. The sale included manufacturing facilities in Bad Hersfeld, Bobingen, and Guben, Germany.

Following the planned acquisition, which is expected to be finalized in the next several months, Performance Fibers will employ over 4,000 worldwide.

About Performance Fibers
Performance Fibers is a leading global supplier of high-tenacity polyester fibers, engineered fabrics, sewing thread fibers and advanced materials. With manufacturing facilities in North America, Asia and Europe, its products are used in a wide range of consumer and industrial applications. Performance Fibers is owned by Performance Fibers Holdings, Inc., an affiliate of Sun Capital Partners, Inc. For more information, visit www.performancefibers.com.

About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 170 companies worldwide with combined sales in excess of $35.0 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, and affiliates with offices in London, Tokyo, and Shenzhen. For more information, visit www.suncappart.com.

About INVISTA
INVISTA is an integrated fibers and polymers business with a global presence. It operates four major businesses: Apparel; Intermediates; Performance Surfaces and Materials; and Polymer and Resins. More information on INVISTA can be found at www.INVISTA.com.