On April 30th, 2008 Platinum Equity became the new owner of “3B, the Fibreglass Company” a leading supplier of fibreglass reinforcement products and technologies. The company was created following the divesture of Owens Corning’s fibreglass facilities in Battice (Belgium) and Birkeland (Norway) and is now a stand alone business with its own Sales, Marketing and Technology organization. After a transition period during which Platinum Equity has taken the time to align the overall business strategy with its long term objectives for the business, 3B is today in a position to unveil the new organisation of the company. As President, Jean-François Santicoli will continue to guide the strategy and the organization of the company. Hugues Jacquemin is appointed CEO (Chief Executive Officer) and will focus on achieving a growth agenda aiming at giving 3B a global presence within the glass fibre industry that will enhance the value 3B brings to its customers. Hugues Jacquemin joins 3B from Platinum Equity where he was actively involved in the acquisition process and brings 15 years of global business experience, the last 6 of which in the composites industry working for Owens Corning. Pierre Josselin will join 3B from the Platinum Equity Operation team and is appointed COO (Chief Operating Officer). Besides his past experience with Platinum Equity in charge of the operational aspects of the 3B acquisition, Pierre Josselin will bring 18 years of experience in business to business commercial relationships, in the development of new products and technology together with a comprehensive supply chain/manufacturing background. With this new organisation 3B will focus on reinforcing its position on the European market and promptly initiate steps aiming to build its global presence while continuing to remain supportive of its customers through the enhancement of its core values: strength, reliability and proximity.