Milliken & Company to acquire Polartec from Versa Capital Management.

Milliken & Company, a global diversified manufacturer, agreed to acquire Polartec, a strong global brand known for its innovative performance textiles for outdoor and military apparel, from Versa Capital Management. Financial terms of the transaction were not disclosed. “Polartec brings a wealth of new and respected outdoor textile expertise to complement Milliken’s strengths. The strategic acquisition broadens our textile capabilities with a product offering to now include fleece and soft-shell outerwear, among others, allowing us to grow in new and exciting spaces," Halsey Cook, Milliken & Company president and CEO.