Witex USA announced that it has been acquired by an investment group comprising senior management, Chatham and KCA Capital, and Bill Hamlin, who will serve as the company's chairman.

The group has secured an increased line of credit from LaSalle Business Credit LLC and has purchased all outstanding shares of Witex USA from the parent company, Witex AG.

Hartwig Siemerling, president and CEO; Dan Thomas, CFO; and Matt Thornton, vice president of sales; will continue in their present roles.