Financial investor for FiberVisions.

The article reports on the acquisition of Snow Phipps & Guggenheim L.P., an affiliate of New York-based equity firm SPG Partners LLC, of a 51% ownership of Fibervisions LLC, a wholly owned subsidiary of the chemical company Hercules Inc. of Wilmington, Delaware with an option to buy an additional 14% interest. FiberVisions is the leading global producer of specialty polyolefin staple fibers for nonwoven fabrics and textile fibers and leader in the marketing of bicomponent specialty fibers through ES FiberVisions, a joint venture with Chisso Corp. of Japan.