Sell Side Advisor
Duff & Phelps Advised Westex, Inc. on its Sale to Milliken & Company
On May 9, 2014, Westex, Inc., was acquired by Milliken & Company. According to the press release, the acquisition is intended to “strengthen Milliken's commitment to providing superior flame-resistant (FR) fabrics for protective clothing.”
About Westex, Inc.
Established in 1919, Westex has over 50 years of experience manufacturing flame resistant fabrics. With a strong commitment to the FR clothing marketplace and a deep understanding of the needs of the FR supply-chain and end users, Westex has launched several successful brands over the years including UltraSoft®, UltraSoft AC®, Indura®, TrueComfort™, Moda-Quilt® and Vinex®. These brands are specified by many end users globally in the utilities, electrical maintenance, oil & gas and metals industries because of their proven track record of providing an excellent balance of protection, comfort and value.
About Milliken & Company
Milliken is an innovation company that has been exploring, discovering, and creating ways to enhance people's lives since 1865. Their community of innovators has developed one of the largest collections of patents held by a private company. With expertise across a breadth of disciplines including specialty chemicals, floor coverings, and performance materials, they work around the world to add value to people's lives, improve health and safety, and help make the world more sustainable.
Duff & Phelps acted as the exclusive financial advisor to Westex in connection with its sale process.