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PINEY FLATS, Tenn., Dec. 19, 2013 /PRNewswire/ -- Microporous™, a leading developer and manufacturer of separators for lead acid batteries, is pleased to announce the completion of its previously-announced acquisition by Seven Mile Capital Partners. Microporous™ is now a fully independent company and will compete directly with the Daramic division of its prior parent company, Polypore International, Inc. Polypore sold the business pursuant to a divestiture order from the Federal Trade Commission.
The new Chief Executive Officer and President of Microporous is Jean-Luc Koch, who has 16 years of worldwide experience in the lead acid battery industry. Mr. Koch commented, "Microporous has been a separator manufacturer since 1934, and has a long history of which we are proud. The unique capabilities and technical know-how within Microporous are ideal foundations for further expanding the business and growing with our highly-valued customer base. A primary goal within this first year is to reinforce our customer relationships to be able to respond to their needs. We will also aggressively compete in the marketplace to add new customers."
"This is great news for our customers," says Steve McDonald, Vice President of Sales. "A clear message we've heard from customers is that they want Microporous to return with a focus on improving technology through R&D and be more customer-centric. For the past six years as part of Daramic, we weren't given the opportunity to work on R&D projects with our customers. That will change moving forward."
About Microporous: Microporous™ is a leading developer, manufacturer and marketer of high performance rubber, polyethylene (PE) and hybrid battery separators for flooded lead-acid batteries. Separators are a highly-engineered, mission-critical component of lead-acid batteries. The company's separators are used by battery manufacturers for applications such as golf car batteries, forklift batteries, standby power and Starting Lighting and Ignition ("SLI") batteries for automobiles and trucks. The company supplies an extensive customer base located across 23 countries and five continents. Microporous currently operates two plants, one in Piney Flats, TN and one in Feistritz, Austria. The company headquarters will be located in Piney Flats, TN.
For more information please visit www.microporous.net. For customer Inquiries please contact: Steve McDonald in the United States at +1 423 722 2038 or firstname.lastname@example.org. And in Austria call Peter Gaugl at +43 4228-39009-10 or email@example.com.
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