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American Capital Invests $114 Million in One Stop Buyout of Delstar Technologies

Bethesda, MD - December 6, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $114 million in the One Stop BuyoutTM of DelStar Technologies Inc., a leading manufacturer of highly-engineered, thermoplastic nonwoven products used by OEMs in filtration, healthcare and industrial applications. American Capital's investment takes the form of senior term loans, senior subordinated debt and equity. American Capital is also providing a revolving credit facility. DelStar's management team and employees will retain an equity stake in the Company. Post close, American Capital owns approximately 83% of DelStar, on a fully diluted basis. More...

Delstar Goes Global with Filter Technologies

DelStar Technologies, Inc., based in Middletown, DE, was formed in 2001 when two manufacturers of highly engineered, thermoplastic nonwoven products, Nalle Plastics, Inc. and AET's Specialty Nets and Nonwovens division, were merged. Nalle and AET's Specialty Nets and Nonwovens division were technology leaders with proprietary manufacturing processes and dominant positions in their filtration, healthcare and industrial market segments. Since the merger, DelStar has nearly doubled its revenues and accelerated growth through acquisitions, manufacturing line expansions and a new manufacturing facility in China. More...