SOURCE: Industrial Info Resources

Industrial Info Resources

November 15, 2010 05:10 ET

Polymer Group Reports Positive Third-Quarter 2010 as It Prepares for Sale to Blackstone, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 15, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Polymer Group Incorporated (OTCBB:POLGA) (Charlotte, North Carolina), a leading developer, producer and marketer of engineered materials, saw an upbeat third quarter as higher selling prices and strengthened volumes improved the company's bottom line. Net income for the quarter was reported to be $21.49 million, compared with $12.35 million in third-quarter 2009.

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