The global technology group Freudenberg acquired 100 percent of the shares in Low and Bonar PLC, London, United Kingdom. Low and Bonar is a global manufacturer of technical textiles. The company will be integrated into the Freudenberg Performance Materials Business Group.
“Freudenberg strengthens its performance materials business, and with Low and Bonar’s innovative technology it can further expand its technological know-how,” says Dr. Mohsen Sohi, Freudenberg Group CEO.
Dr. Frank Heislitz, CEO of Freudenberg Performance Materials, emphasizes, “As a pioneer in spunbonded nonwoven production, Freudenberg has offered its customers materials manufactured with a one-step production process since 1968. Thanks to the two-step process solution from Low and Bonar, we can be even more flexible and individually tailor products to customer specifications.” Freudenberg can also expand on its broad product range. This is particularly true for the current application in the construction, interior build out, home textile and automotive sectors.
“We are also opening new fields for Freudenberg with new applications thanks to Low and Bonar’s complementary technologies,” says Heislitz. The acquisition of Low and Bonar which was founded in 1903 and headquarters in London means Freudenberg Performance Materials now has 35 production facilities in Asia, Europe and North America (previously 24) and employs some 5,500 employees (previously some 4,000).