PGI completes acquisition of Fiberweb

Integration creates world’s largest nonwovens company

Polymer Group Inc. (PGI) announced in a Nov. 15 press release that it has completed its acquisition of Fiberweb Inc., the Nashville–based manufacturer of specialty nonwoven products and materials. As a result of the acquisition, PGI is now the world’s largest manufacturer of nonwovens, according to the release.

The release continued: “The acquisition of Fiberweb marks a critical step in PGI’s strategy of accelerated and sustainable growth, bringing both companies into new market segments and expanding PGI’s global footprint. PGI now operates in 13 countries with an employee base of approximately 4,000 employees. Through the combination of the companies, PGI can now serve a broader range of global customers across North America, South America, Europe, and the Asia–Pacific region with an unmatched portfolio of technologies and products, and world–class service.”

The press release noted that Fiberweb’s offerings in filtration, building and construction, agriculture, health care, technical fabrics, geosynthetics, and hygiene will complement PGI’s current presence across hygiene, healthcare, wipes, and industrial markets: “Customers of both companies are expected to benefit from PGI’s expanded global presence and portfolio of products and services.”

For more information: www.polymergroupinc.com

Source: Capstrat Inc.