DuPont Textiles & Interiors (DTI) Announces Strategic Alliance with Foss Manufacturing Company, Inc. to Bring Unique Technologies to Apparel and Home Markets
WILMINGTON, Del., Aug. 7, 2003 DuPont Textiles & Interiors (DTI), the premier global supplier of innovative fiber and fabric solutions, announced today a non-equity, strategic alliance agreement with Hampton, New Hampshire-based Foss Manufacturing Company, Inc., a vertically integrated producer of specialty synthetic fibers and engineered, non-woven fabrics. Under the agreement, DTI will be a global marketer of Foss' proprietary technologies for the apparel and home textiles categories. Foss will continue to market its technologies in the technical and industrial categories, including such areas as filtration and wound care, mattresses and health care. Specific technologies or terms were not disclosed.
By partnering the global marketing reach and expertise of DTI with Foss' unique products and manufacturing strength, both companies will be able to further leverage and extend their market reach to consumers worldwide. As part of the DTI strategy to partner with global industry leaders to leverage and outsource technologies, the alliance with Foss follows recently announced DTI agreements with Huvis, Outlast, Shinkong and Ciba.
Established in 1954 and headquartered in Hampton, NH, Foss Manufacturing Company is a proven leader in the research and innovation of specialty synthetic fibers and nonwoven fabrics. With facilities in North America, Europe, Asia and Australia, Foss is a major supplier to the Automotive, Technical, Decorative, and Retail industries worldwide. For more information visit Foss' Web site at www.fossmfg.com.
DuPont Textiles & Interiors (DTI), a wholly owned subsidiary of DuPont, is the largest integrated fiber business in the world, with 2002 revenues of $6.3 billion, operating in 50 countries. Headquartered in Wilmington, Del., it is comprised of three businesses: Apparel; Interiors and Industrial; and Intermediates. DTI is committed to its customers' growth through market insights and technology innovations combined with a powerful portfolio of the best-known, global brands and trademarks in the industry including: Lycra®, Teflon®, Stainmaster®, Antron®, Coolmax®, Thermolite®, Cordura®, Supplex® and Tactel®.
DuPont is a science company. Founded in 1802, DuPont puts science to work by solving problems and creating solutions that make people's lives better, safer and easier. Operating in more than 70 countries, the company offers a wide range of products and services to markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.
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