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DelStar Gains Investor

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By: Karen McIntyre

Editor, Nonwovens Industry

American Capital Strategies has invested $114 million in the One Stop Buyout  of DelStar Technologies Inc., a manufacturer of highly-engineered, thermoplastic nonwoven products for  filtration, healthcare and industrial applications. American Capital’s investment takes the form of senior term loans, senior subordinated debt and equity as well as a revolving credit facility. DelStar’s management team and employees will retain an equity stake in the company.
    “DelStar is known for its excellent product quality, on-time delivery, strong research and development, high-level customization capabilities and broad product offering,” said American Capital Principal Todd Wilson. “DelStar’s proprietary manufacturing processes enable it to meet and address the customized and exacting quality specifications of its end-customers, thereby giving DelStar a defensible competitive advantage.”

Headquartered in Middletown, DE, DelStar has four manufacturing facilities in Texas, Pennsylvania, California and China and employs more than 350 people.

“We chose American Capital to be our partner for growth because of its long-term investment perspective, experience in growing manufacturing companies in a variety of industries and ability to work closely with our management team to structure an appropriate one source financing package,” said DelStar CEO Mark Abrahams. “Their strong support places DelStar in a great position to strengthen our competitive market position by advancing our product line, expanding our customer base, increasing domestic and international sales and advancing our foreign presence, especially with the recent opening of our Suzhou, China manufacturing facility.”

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