Suppliers

Week of January 6, 2003

Neuenhauser, SSI merge

CHARLOTTE, NC & GREER, SC — Two well-known suppliers of technology, products and services to the United States and Canadian textile markets announced their merger and creation of a new company.

Neuenhauser Automation, Inc (NAI) and Sourcing Services International (SSI) have merged and will operate as divisions of the new entity, Neuenhauser Incorporated (NI).

Neuenhauser Inc. is comprised of NI-Charlotte, NAI Division and NI-Greer, SSI Division.

The NAI Division will continue to service the textile industry for material handling automation systems. NAI provides application and engineering, simulation and system design services, project management and custom designed integrated automation systems. NAI has been successful throughout the years providing total automation solutions for package handling, material transport and finish product packaging for many U.S. and Canadian spinning plants.

The SSI Division will continue to distribute, sell and provide service and parts for its European partners for which it is the exclusive distributor. Those companies are:

• Jametti: warp beams and flanges;

• Genkinger: warp and cloth trucks;

• Knotex: warp tying machines and frames;

• Sohler-Neuenhauser: traveling cleaners; and

• Loomdata: production monitoring and information systems.

Additionally, as a result of the merger, the SSI Division will provide sales, service, and parts for:

• Neuenhauser: off-loom take-ups; and

• Sohler-Neuenhauser: top duct traveling cleaners

The Neuenhauser Take-Ups and Top Duct Cleaner System were previously distributed by Hubtex of North America. All responsibilities for sales, service and distribution of those product lines have been transferred to the NI Greer, SSI Division.

Technical associates of NAI and SSI have been trained to provide installation and after-sale service for the Neuenhauser equipment. Spare parts and technical service are now located at the SSI location in Greer, SC.

Philip Riddle, former president of SSI, has been appointed president and CEO of Neuenhauser Inc.

“We are very pleased to bring two companies together to provide service to the USA and Canadian textile markets and to expand our product offerings and expertise to the industry,” Riddle said. “Our customers will benefit from the synergies of our combined products and human resources.”

Daryl Downen will continue to lead the efforts in automation as executive vice president of NI Automation. Bob Brownlee, previously a partner in SSI, has assumed the duties of executive vice president of operations for NI.

This merger enables NI to streamline operations and provide its customers with additional services and expertise. Neuenhauser Inc. will continue to operate the NAI facility in Charlotte and the SSI facility in Greer in order to provide excellent service to its current and future customers.

“As the industry has consolidated, we searched for the best opportunity to expand the level of products and services which we could make available to the industry,” Riddle said. “We were able to take two leading, complementary companies and combine the resources into a more complete technology resource/service center for our customers. The merger of these companies and addition of the product lines available via Neuenhauser Maschinenbau in Germany will provide many benefits to our customers and to our associates.”

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