PE-owned Frontier ups Perkins to CEO

Frontier Spinning Mills, which is owned by American Securities, has promoted Robin Perkins to CEO. Perkins is succeeding John L. Bakane who is retiring from his post as CEO but will continue as executive chairman of Frontier’s board of directors. Also, Frontier has promoted Barbara F. Walton to executive vice president and chief financial officer; John M. Maness to executive vice president of manufacturing; John C. Riddle to senior vice president of sales; and John W. Garris to vice president of international sales. Based in Sanford, North Carolina, Frontier is a producer of spun yarns for the knitting and weaving sectors.

PRESS RELEASE

SANFORD, N.C., Oct. 3, 2014 /PRNewswire/ — Frontier Spinning Mills Holding Corp. (“Frontier”) announced today the promotion of Robin Perkins to Chief Executive Officer, effective October 3, 2014. In conjunction with the promotion, John L. Bakane is retiring from full-time responsibilities as Chief Executive Officer, and he will remain involved with Frontier as Executive Chairman of the Board of Directors. Frontier is owned by affiliates of American Securities LLC, a New York-based private equity firm, and members of Frontier management.

As one of the founders of Frontier in 1996, Mr. Perkins brings more than 20 years of experience in the textile industry and most recently served as President of the Company. Previously, he held sales and marketing roles at Pioneer Yarn Mills and Unifi Spun Yarn. Mr. Perkins is a Board Member of the National Council of Textile Organizations, North Carolina Textile Foundation, and Cotton Council International. He is also a member of the National Cotton Council, The Cotton Board, and Southern Textile Association.

Mr. Perkins said, “I am excited to take the helm of Frontier as we embark upon a multi-year modernization program and seek to expand our strong customer base. Since its founding in 1996, we have built Frontier into one of the largest U.S. based producers of cotton and cotton/polyester blend yarns by focusing on long-term customer relationships, as well as maintaining high quality and reliable product supply standards.”

Kevin S. Penn, Managing Director at American Securities, commented, “John’s transition to Executive Chairman has been well planned. We have the utmost confidence in Robin as the new leader of Frontier and look forward to continuing to work with him in this new capacity. John has been a terrific CEO since he joined the Company five years ago. Under his leadership, Frontier achieved strong financial performance, including record levels of shipped pounds, revenue and EBITDA. We are pleased that John will continue his involvement with the Company as a key member of the Board of Directors and look forward to working closely with the new senior management team.”

In addition, Frontier announced the promotions of Barbara F. Walton to Executive Vice President and Chief Financial Officer, John M. Maness to Executive Vice President of Manufacturing, John C. Riddle to Senior Vice President of Sales, and John W. Garris to Vice President of International Sales.

About Frontier Spinning Mills, Inc.
Frontier is one of the largest U.S. based producers of cotton and cotton/polyester blend yarns for the knitting and weaving industries and holds market leading positions in open-end spinning. Offering a diverse product line to fulfill the demands of customers worldwide, yarn produced by Frontier is used in sportswear, undergarments, socks, sweaters, fleece, denim, and home furnishings. The Company operates five spinning facilities in North Carolina and Alabama with 1,076 employees. For more information on the capabilities of Frontier, visit www.frontierspinning.com.