Harvest Consumer Insulation Purchases Climashield®
Continuous Filament Insulation Manufacturer Forges Forward
Clinton, Tenn. (August 28, 2008) –Climashield®, the acclaimed high-tech continuous filament insulation used in outdoor recreation apparel and gear, home and hospitality, and in military applications, was purchased last week by private company HarVest Consumer Insulation, Inc. Formally owned by Western Nonwovens, Inc. (WNI), the future of Climashield® was momentarily uncertain after WNI declared bankruptcy July 14, 2008.
Last Friday Ken Hardin, Climashield® president and CEO and Jon Vesely, a Chicago-based private investor, purchased Climashield® and the manufacturing facility here. Hardin and Vesely believe in the power of the Climashield® brand, the people behind the brand, and the brand’s future. “I’m happy we were able to do this,” said Hardin. “This is a great group of people we have here and I’m especially gratified we were able to save these jobs.”
HarVest CI will continue to expand the Climashield® product line, concentrating especially on environmentally-friendly “green” products. “Climashield® is well-capitalized, has a sustainable competitive advantage and is poised for growth. This is a high-tech industry and we’re excited about marketplace opportunity,” said Vesely. Climashield® was WNI’s performance insulation division.
“Climashield® is a legacy business. We will not stray from our core focus of providing the preferred premium insulating material for our clients and we remain constant in our quest to always be the industry leader,” said company COO Matt Schrantz. “We plan on being around for many, many years.”
The industrial division of WNI, which made non-woven products for auto headliners, water and air filtration, upholstery and mattresses, etc., was purchased by Milliken & Company.