Nano-Tex has been acquired by Crypton Fabrics from private equity and venture capital investors. Sellers included WL Ross and Co. LLC, Norwest Venture Partners, Masters Capital Nanotechnology Fund, Firelake Capital Management and Masters Capital Management. Nano-Tex employs a proprietary nanotechnology approach to enhance textiles that provides permanent performance attributes such as stain and water resistance, odor control, static elimination, moisture wicking, and wrinkle free properties. This technology is used to enhance the performance of outdoor and other apparel, as well as home and commercial/residential interiors markets. Nano-Tex will now be headquartered at The Crypton Companies in Bloomfield Hills, Michigan but will maintain sales operations in the U.S., Asia, India and Europe. The company will also keep distribution centers in Hong Kong, Mainland China, Belgium and the U.S.