Generational Equity, a mergers and acquisitions advisor for privately held businesses, announced the sale of its client Troy, LLC to PET Fiber, LLC (dba Fiberworx). The acquisition closed August 4, 2020 and details were not disclosed.

Troy, located in Harrisville, WV, is a manufacturer of nonwoven fabrics, primarily used for liners and under-carpet mats in a variety of vehicles.

Located in Cleveland, OH, Fiberworx manufactures innovative nonwoven products that are on the leading edge of acoustic and thermal protection in various markets. Harnessing diverse technical abilities and an innovative research and development department, it utilizes recycled and virgin materials to create clean and lightweight fibers used in numerous commercial applications. It offers products that are highly engineered to match the specification of each customer.

According to a Fiberworx announcement to its customers, “This is a very exciting time for both companies, for our employees, and our customers. We are forging a new company with enhanced experience, expertise, and capability. Fiberworx and Troy are two highly compatible companies. We hold similar values and business philosophies. Now, we come together to become a more diversified nonwoven supplier able to offer lofted materials and needled felts to automotive and industrial markets. Though both locations will be doing business as Fiberworx, you can rely on the same personal working relationships that you have built in the past. You will be dealing with the same people and can depend on the same quality of work.”