Chicopee Manufacturing parent Polymer Group, Inc. files motion to dismiss involuntary chapter 11 petition

NORTH CHARLESTON, S.C. - Polymer Group,<br> Inc. announced today that while the Company continues to explore the possible consensual dismissal / withdrawal of the involuntary petition filed on March 25, 2002, it has filed a motion to dismiss the involuntary chapter 11 filing in Federal Court in Columbia, South Carolina. <br> <br> The motion to dismiss is based on existing legal precedents, and is seeking a hearing before the Federal Court in Columbia at the earliest possible date. The motion to dismiss is consistent with PGI&#39;s desire to implement the out-of-court restructuring and exchange offer announced on March 15, 2002.<br> <br> Polymer Group, Inc., the world&#39;s third largest producer of nonwovens, is a global, technology-driven developer, producer and marketer of engineered materials. <br> <br> PGI, through its Chicopee subsidiary, offers a wide array of wiping products from home to factory