Change of Ownership

Investor group from Knoxville, TN acquires Felters of South Carolina LLC. The investors recognized the vast technical and operational resources that the company had created over its 120 year history in the felt and nonwovens markets. These niche markets are perceived as business development opportunities for the continuation of manufacturing in the United States of America.

The company employees 107 people on two locations: Roebuck and Gaffney S.C., occupying a combined total of 150,000 sq ft.  With approximately 170 customers and sales revenues of $12 million, the company’s markets are primarily home appliances and a broad spread of industrial clients.