TEXTILES.ORG
Natural Fiber Welding Inc. (NFW), a materials science company based in Peoria, Ill., has announced a joint investment from Provest Equity Partners and CTW Venture Partners.
The partnership will help commercialize and scale the company’s circular materials, PLIANT™ and MIRUM®.
“This partnership marks an important inflection point for NFW as we continue our mission of bringing sustainable, high-performance materials to market,” says Steve Zika, CEO of NFW. “Provest’s operator-driven approach aligns closely with our needs as demand from global brand partners continues to grow. Together with CTW, we are strengthening the foundation required to scale responsibly and advance the next generation of plant-based materials.”
“NFW represents the type of platform we seek to support, where breakthrough science meets real industrial relevance,” says Suhas Uppalapati, chairman of NFW and managing partner of Provest Equity Partners. “Our role is to help translate innovation into scalable, profitable growth as the company enters its next phase.”