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The Orr Felt Company is a 170 year old,
family-held business which manufacturers
papermaker felts supplied to hundreds of
paper manufacturers.
Source Capital, Ltd. began advising the
now-deceased father of the currently
controlling family members in 1989. To
facilitate the fathers estate plans, in 1991,
Source assisted the family in structuring a
Delaware Business Trust as the acquisition
vehicle to acquire Orr Felt from the father.
In this most recent transaction, Source has
assisted four family members who wished to
obtain liquidity on their business holdings.
Source Capital, Ltd. offers an integrated
approach to addressing issues and
implementing solutions involving wealth
planning, growth strategy, company
capitalization, and operational
effectiveness for principal owners of
privately-held, medium-sized businesses.
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This announcement appears as a matter of record
only. July 2001
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