BNET Industries
Last Fiscal Year Sales:$206.3M
- Private
- US
Dow Jones Description
AGY Holding Corp. is a Delaware corporation, incorporated in 2004, with its headquarters in South Carolina. AGY Holding Corp. and its subsidiaries are referred to herein as AGY or the Company. The Company manufactures and sells glass yarn used in a variety of electronic, industrial, construction and specialty applications. We are focused on serving end-markets that require glass fibers for applications with demanding performance criteria, such as the aerospace, defense, construction, electronics and industrial end-markets which represented approximately 14%, 24%, 15%, 21% and 26%, respectively, of our sales for the year ended December 31, 2008. We are able to leverage our flexible manufacturing capabilities to target new specialty end-use applications and to shift production rapidly to meet changing market demand. The business is conducted through AGY Holding Corp., its two wholly owned domestic operating subsidiaries, AGY Aiken LLC and AGY Huntingdon LLC, and its wholly owned foreign subsidiary, AGY Europe SARL.
Chief Executive Officer, President and Director
Doug MattscheckNumber of Employees 550
Peer Companies
NAICS Code Insurance Agencies and Brokerages: 524210
News & Analysis
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advanced glassfiber yarns llc - All News and Analysis
Advanced Glassfiber Yarns LLC Gets Okay for Reorganization Plan.
March 8, 2004 - Advanced Glassfiber Yarns LLC of Aiken, S.C., is close to emerging from bankruptcy protection. The company said its Chapter 11 Reorganization Plan was approved by the United States Bankruptcy Court for the District of Delaware, paving the way for the...
Advanced Glassfiber Yarns LLC Participates In First CFA Trade Show.
October 1, 2003 - It is hard to believe but true; Advanced Glassfiber Yarns LLC AGY, the leader in high-strength fiberglass reinforcements, participated in its first American Composiets Manufacturers Association or ACMA (formerly Composite Fabricators Association--CFA) Composites 2003 trade show in anaheim, October 1-3. ...
Advanced Glassfiber Yarns LLC Announces Third Quarter 2002 Results
Business Editors AIKEN, S.C.--BUSINESS WIRE--Nov. 19, 2002 Advanced Glassfiber Yarns LLC announced today that net sales decreased $8.6 million, or 17.6%, to $40.3 million for the three months ended September 30, 2002, from $48.9 million for the three months ended September 30, 2001. This decrease primarily reflects...
Advanced Glassfiber Yarns LLC Announces Update on Restructuring Discussions
Business Editors AIKEN, S.C.--BUSINESS WIRE--Nov. 1, 2002 Advanced Glassfiber Yarns LLC (the "Company") announced today that it has reached an agreement on the terms of an additional amendment and forbearance agreement with its senior secured lenders under the Company's senior secured revolving credit and term loan facility. ...
Advanced Glassfiber Yarns LLC Announces Update on Restructuring Discussions
Business Editors AIKEN, S.C.--BUSINESS WIRE--Oct. 1, 2002 Advanced Glassfiber Yarns LLC (the "Company") announced today that it has reached an agreement on the terms of an additional amendment and forbearance agreement with its senior secured lenders under the Company's senior secured revolving credit and term loan facility. ...
Advanced Glassfiber Yarns LLC Amends Its Previous Statement On Second Quarter EBITDA
Business Editors AIKEN, S.C.--BUSINESS WIRE--Aug. 19, 2002 Advanced Glassfiber Yarns LLC announced that on August 16, 2002, it erroneously corrected its previously stated EBITDA results for the quarter ended June 30, 2002. Below is a corrected version. The Company apologized for the error. Advanced Glassfiber Yarns LLC...
Advanced Glassfiber Yarns LLC Announces Corrected Second Quarter EBITDA
Business Editors AIKEN, S.C.--BUSINESS WIRE--Aug. 16, 2002 Advanced Glassfiber Yarns LLC announced a correction to its recently issued press release. As previously announced adjusted EBITDA for the quarter ended June 30, 2002 decreased $8.4 million, to $7.3 million from $15.7 million for the quarter ended June 30,...
Advanced Glassfiber Yarns LLC Announces Second Quarter 2002 Results
Business Editors AIKEN, S.C.--BUSINESS WIRE--Aug. 15, 2002 Advanced Glassfiber Yarns LLC announced today that net sales decreased $7.2 million, or 13.1%, to $47.9 million in the three months ended June 30, 2002 from $55.1 million in the three months ended June 30, 2001. This decline reflects primarily the...
Advanced Glassfiber Yarns LLC Announces Continued Restructuring Discussions
Business Editors AIKEN, S.C.--BUSINESS WIRE--Aug. 14, 2002 Advanced Glassfiber Yarns LLC (the "Company") announced today that it has entered into an additional amendment and forbearance agreement with its senior secured lenders under an initial $315 million revolving credit and term loan facility. Previously, the Company had announced...
Advanced Glassfiber Yarns LLC Announces Restructuring Discussions
Business Editors Advanced Glassfiber Yarns LLC (the "Company") announced today that it is in discussions with its senior secured lenders regarding a consensual restructuring of the approximately $180 million of indebtedness currently outstanding under a revolving credit and term loan facility. In connection with such discussions, the Company...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Doug Mattscheck | Chief Executive Officer, President and Director |
| Jeffrey J. Davis | President and Chief Operating Officer |
| Wayne T. Byrne | Chief Financial Officer |
| Catherine A. Cuisson | Vice President, Finance and Corporate Controller |
| Drew Walker | Vice President of Sales and Marketing |
| Jason Takac | Global Director of Sales |
| Kathy Griffin | Director of Sales, Americas |
| Thierry Philibert | Director of Sales, Europe |
| Amy Shuttleworth | Manager, Territory Sales |
| Bob Walton | Plant Manager |
| Eddie McDonald | Territory Sales Manager |
| John Mancinelli | Manager, Territory Sales |
| Kenichi Inaba | Market Specialist, Japan |
| Sam Ahn | Market Representative, Korea |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Christopher Lacovara | Board of Directors |
| John S Eastburn | Board of Directors |
| Samuel P. Frieder | Board of Directors |
| Seth H Hollander | Board of Directors |
Douglas J. Mattscheck, Chief Executive Officer and Director . Mr. Mattscheck joined us as Chief Executive Officer in April 2004. Prior to joining AGY, he served for seven years as President of St. Gobain Technical Fabrics. From 1989 to 1996, Mr. Mattscheck served as Senior Vice President of Surface Protection Industries, a high-end architectural paint and coatings business. From 1987 to 1989, Mr. Mattscheck managed an architectural products business for H.B. Fuller Company, a manufacturer of specialty chemicals. From 1982 to 1987, he held several positions for Schlegel Corp., including managing a construction products manufacturing business. Mr. Mattscheck holds a Bachelor of Science degree in Mechanical Engineering from Villanova University and a Masters of Business Administration from the University of Rochester.
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Chief Executive Officer, President and Director | Current |
| H.B. Fuller Company | Former | |
| Villanova University | Bachelor of Science Degree In Mechanical Engineering | Former |
Jeffrey J. Davis, President and Chief Operating Officer . Mr. Davis joined us as Chief Operating Officer in September 2007 and was appointed President in October 2008. Mr. Davis joined AGY after a 21-year career at the General Electric Company, where most recently he was General Manager of the GE Sealants and Adhesives business unit. Mr. Davis prior experiences at GE span a variety of functional roles and GE businesses, including VP of Global Sales and Marketing at GE Quartz & Advanced Ceramics, Global Crystalline Polymers Business Leader at GE Plastics, Halogen Product General Manager at GE Lighting, Plant Manager at GE Control Products and Senior Audit Manager for GE s Corporate Audit Staff. Mr. Davis holds a Masters of Business Administration from the University of Florida and a Bachelors of Science in Electrical Engineering from the Florida Institute of Technology.
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | President and Chief Operating Officer | Current |
| University of Florida | Masters of Business Administration | Former |
| Florida.Com Inc | Bachelors of Science In Electrical Engineering | Former |
| Florida Institute of Technology | Bachelors of Science In Electrical Engineering | Former |
Wayne T. Byrne, Chief Financial Officer . Mr. Byrne joined us as Chief Financial Officer in July 2007. Prior to joining AGY, Mr. Byrne was employed by EnPro, a publicly-held corporation engaged in the design, manufacture and marketing of engineering industrial products, where he served as Vice President and Controller since September 2004. From 2001 to 2004, Mr. Byrne served as Vice President of Finance and Information Technology at EnPro s subsidiary, GGB LLC. Between 1998 and 2001, Mr. Byrne served as Vice President of Finance of Goodrich Corporation s Quincy Compressor and AMI businesses. From 1996 until 1998, he was Vice President of Finance at Agri-Tech, Inc. Prior to 1996, Mr. Byrne held various management positions at BREED Technologies, Inc. and Harris Corporation. Mr. Byrne holds a Masters of Business Administration from the University of Florida and a Bachelors of Science degree from the University of Central Florida.
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Chief Financial Officer | Current |
| Agritech | Vice President of Finance | Former |
| Enpro, Inc. | Vice President of Finance and Information Technology | Former |
| University of Florida | Masters of Business Administration | Former |
| University of Central Florida | Bachelors of Science Degree | Former |
Catherine A. Cuisson, Vice President, Finance and Corporate Controller . Ms. Cuisson has served as our Vice President of Finance and Corporate Controller since July 2007. Previously, she served as our Chief Financial Officer from 1999 until assuming her new position with the Company. Ms. Cuisson was transferred to the U.S. by Porcher Industries, our former majority owner, to organize and manage the financial operations of the newly formed joint venture with Owens Corning. Before joining us in early 1999, Ms Cuisson served as the Consolidation Manager and Corporate Controller of Porcher Industries, a textile weaver, for four years. Prior to joining Porcher Industries in late 1994, Ms. Cuisson was an Audit Manager for PricewaterhouseCoopers in Lyon, France from 1987 to 1994. Ms. Cuisson has been a French equivalent Certified Public Accountant since 1993. She obtained a Masters of Accounting and a Masters of Business Administration upon graduating from the Institut Commercial de Nancy, France.
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Vice President, Finance and Corporate Controller | Current |
Drew Walker, Vice President of Sales and Marketing. Mr. Walker joined us in January 2005 as Vice President of Sales and Marketing. He has 18 years of experience in marketing consumer brands and business-to-business industrial products in various international commercial roles. Before joining us in January 2005, Mr. Walker served as Global Sales Director for SAPPI (South Africa Paper & Pulp Industries) High Performance Release Paper Division for the synthetic fabrics and decorative laminates markets for two years. Prior to joining SAPPI, he held several worldwide sales and marketing roles with Victrex plc, a manufacturer of high
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Vice President of Sales and Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Global Director of Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Director of Sales, Americas | Current |
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Director of Sales, Europe | Current |
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Manager, Territory Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Plant Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Territory Sales Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Manager, Territory Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Market Specialist, Japan | Current |
| Organization | Position | Status |
|---|---|---|
| Advanced Glassfiber Yarns LLC | Market Representative, Korea | Current |
Mr. Lacovara has served on Kohlberg Capital s Board since December 2006 and is also the Chairman of the Board, the Chairman of the Valuation Committee of the Board, a Vice President of the Company and a member of the Management Committee of Katonah Debt Advisors. Mr. Lacovara is the co-managing partner of Kohlberg & Co., a leading middle market private equity firm, which he joined in 1988. Kohlberg & Co. has invested approximately $2.5 billion of equity capital in over 100 middle market platform and add-on acquisitions with a combined transaction value of over $7 billion. From 1987 to 1988, he was an Associate in the Mergers and Acquisitions Department at Lazard Freres & Company. Prior to that he was a Financial Analyst in the Corporate Finance Department of Goldman, Sachs & Co. Mr. Lacovara received a A.B. in History from Harvard College, a B.E. in Engineering Sciences from Hofstra University and a Master of Science in Civil Engineering from Columbia University. Mr. Lacovara serves on the boards of directors of a number of private companies as well as on the boards of directors of AGY Holdings Corp., Katy Industries, Inc. and Stanadyne Corp.
| Organization | Position | Status |
|---|---|---|
| Kohlberg Capital Corp | Chairman and Vice President | Current |
| Kohlberg & Company, L.L.C. | Managing Director | Current |
| Katy Industries, Inc. | Co-Managing Partner of Kohlberg & Co. | Current |
| Kohlberg Capital Corp | Co-Managing Partner | Current |
| Kohlberg & Company, L.L.C. | Co-Managing Partner | Current |
| Advanced Glassfiber Yarns LLC | Board of Directors | Current |
| Schawk, Inc. | Board of Directors | Current |
| Critical Homecare Solutions Holdings, Inc. | Board of Directors | Current |
| Katy Industries, Inc. | Board of Directors | Current |
| Kohlberg Capital Corp | Board of Directors | Current |
| Katonah Debt Advisors | Board of Directors | Current |
| The Goldman Sachs Group, Inc. | analyst | Former |
| Goldman, Sachs & Co. | Financial Analyst | Former |
| Lazard Ltd. | Associate | Former |
| Stanadyne Corporation | Singer Worldwide | Former |
| Columbia University | Master of Science | Former |
| Bees, Inc. | A.B. | Former |
| Harvard College | A.B. In History | Former |
| Hofstra University | B.E. In Engineering Sciences | Former |
| Columbia University | Bachelor of Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Kohlberg & Company, L.L.C. | Partner | Current |
| Kohlberg & Company, L.L.C. | Principal | Current |
| Advanced Glassfiber Yarns LLC | Board of Directors | Current |
| Crystal Dynamics | Chief Operating Officer | Former |
| New York University | M.B.A. | Former |
| Amherst College | B.A. | Former |
Mr. Frieder joined Kohlberg & Co. in 1989 and became a Principal in 1995 and co-managing partner in 2006. From 1988 to 1989 he was a senior associate in the Capital Funding Group at Security Pacific Business Credit. Prior to that, he was a senior real estate analyst at Manufacturers Hanover Trust Company. Mr. Frieder received an A.B. from Harvard College. Mr. Frieder serves on the board of directors of a number of private companies as well as on the Management Committee of Katonah Debt Advisors. Mr. Frieder also serves on the board of directors of Katy Industries, Inc. and Stanadyne Corp.
| Organization | Position | Status |
|---|---|---|
| Kohlberg Capital Corp | Director and Vice President | Current |
| Kohlberg & Company, L.L.C. | Managing Director | Current |
| Katonah Debt Advisors | Co-Managing Partner, Kohlberg & Co | Current |
| Katy Industries, Inc. | Co-Managing Partner of Kohlberg & Co. | Current |
| Kohlberg & Company, L.L.C. | Co-Managing Partner | Current |
| Katy Industries, Inc. | Board of Directors | Current |
| Kohlberg & Company, L.L.C. | Board of Directors | Current |
| Katonah Debt Advisors | Board of Directors | Current |
| Critical Homecare Solutions Holdings, Inc. | Board of Directors | Current |
| Advanced Glassfiber Yarns LLC | Board of Directors | Current |
| Holley Performance Products Inc. | Board of Directors | Current |
| Manufacturers Hanover Trust Company | Senior Real Estate Analyst | Former |
| Stanadyne Corporation | Former | |
| Nevamar | Former | |
| Harvard College | A.B. | Former |
| Organization | Position | Status |
|---|---|---|
| Kohlberg & Company, L.L.C. | Vice President | Current |
| Kohlberg & Company, L.L.C. | Partner | Current |
| Centerplate, Inc. | Board of Directors | Current |
| Hoffmaster | Board of Directors | Current |
| Advanced Glassfiber Yarns LLC | Board of Directors | Current |
| University of Michigan | B.B.A. | Former |
| University of Michigan-Ann Arbor | B.B.A. | Former |
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