(Raleigh, N.C.) Xerium Technologies, Inc. (NYSE:XRM) today announced that it closed its previously announced refinancing transaction, which included a private placement of $240 million of its 8.875% senior unsecured notes due 2018 (the “Notes”) and a new approximately $278 million multi-currency senior secured credit facility (the “New Credit Facility”), comprised of approximately $248 million of senior secured term loans and a $30 million senior secured revolving credit facility. The Notes were sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and to non-U.S. persons pursuant to Regulation S under the Securities Act. (more…)

(Raleigh, N.C.) Xerium Technologies, Inc. (NYSE:XRM), a leading global manufacturer of industrial textiles and rolls used primarily in the paper production process, today announced that it has appointed David A. Bloss as an independent member of its Board of Directors. Mr. Bloss is the former chairman and CEO of CIRCOR International, Inc. (NYSE:CIR), a Burlington, Mass. supplier of valves and accessories to OEMs, processors, manufacturers and the military. Mr. Bloss has also been appointed to serve on the Company’s Audit Committee and Nominating and Governance Committee. (more…)

(Rocky Mount, N.C.) Ossid, a division of Pro Mach, will receive a $200,000 business investment grant from the state of North Carolina aimed at increasing employment and keeping Ossid in the state as a valued employer. Gov. Bev Perdue announced this week that Ossid would remain in the state. The company had seriously considered moving to South Carolina, but the grant from the One NC fund plus local matching grants helped the company remain at its Rocky Mount facility. (more…)

(Morrisville, N.C.) Montie Design, an innovative concept-to-marketplace product design and development firm, and the RTP Product Development Guild are hosting the April 6 Lunch and Learn “Advantages of Manufacturing with Waterjet Technology” at the Montie Design studio, just south of RDU Airport in Morrisville. Registration is available online at http://lnl20110406-eorg.eventbrite.com. (more…)

(Research Triangle Park, N.C.) Reichhold, Inc. announces a general price increase today of up to 8% on solvent borne, water reducible and 100% solids alkyd, polyester, urethane, epoxy, epoxy curatives and acrylics. This increase is effective for all orders shipped on or after April 15, 2011, or as contracts allow. (more…)

(Belmont, N.C.) Textum is pleased to announce that Chris Maynard has joined the company as Senior Process Engineer. (more…)

(Morrisville, N.C.) Montie Design, an innovative concept-to-marketplace product design and development firm, and the RTP Product Development Guild are providing two new opportunities for high-impact networking and education at March Lunch and Learn events. John Slaughter of Moore & Van Allen will be presenting “Confidentiality and Non-Disclosure Agreements: Understanding their Role and Practical Tips” on March 2. Pam Cardozo of The Ultimate Sales Connection will be presenting “Resetting Your Revenue Future” on March 16. Each event will take place at the Montie Design offices in Morrisville. (more…)

(Raleigh, N.C.) Xerium Technologies, Inc. (NYSE: XRM), a leading global manufacturer of industrial textiles and rolls used primarily in the paper production process, today announced full global availability of EnerStar, an exclusive energy-saving paper machine clothing (PMC) technology designed to both reduce energy consumption and extend the economic life of forming fabrics that are vital to the manufacturing of paper. (more…)

(Murphy, N.C.) IndustryWeek magazine has selected Snap-on’s Murphy, N.C. power tools manufacturing facility as one of the top 10 plants in North America. “This is a tremendous honor for Snap-on and all associates who work at the Murphy facility,” said Nick Pinchuk, chairman and CEO of Snap-on Incorporated. “We thank IndustryWeek for this great recognition. More importantly, we thank our Murphy associates who are committed day in and day out to delivering the world’s best professional power tools to our customers across the globe.” (more…)

(Morrisville, N.C.) Collaborative product design and engineering firm Montie Design is partnering with the RTP Product Development Guild in launching a series of Lunch and Learn educational and networking events with a January 19 interactive session on the defense industry. Barry Cox of Wyle Labs will be presenting “Alphabet Soup: The Acronyms and Steps of Military Contracting” for attendees seeking access to industry contacts and important insights related to the business of developing and bringing engineered products to market. (more…)

(Research Triangle Park, N.C.) Reichhold, Inc. announced a price increase today of $0.10 per pound on all unsaturated polyester and vinyl ester resins sold in North America for the composites industry. This increase is effective for all orders shipped on or after February 1. (more…)

(Research Triangle Park, N.C.) Reichhold, Inc. announced a price increase today on all GMA based powder resins sold in North America for the coatings industry. The increase will raise product prices on average 20%. This increase is directly related to the continuing escalation of key raw materials required to produce these products. This price increase is effective for orders shipped on or after January 1, 2011. (more…)