Breaking News

Pegas IPO Set

December 5, 2006

Czech spunmelt producer Pegas Nonwovens will raise up to €264 million in a planned initial public offering scheduled for mid December. Up to 5.284 million existing and new shares will be offered at up to €50 each valuing the entire company at around €472 million after the share issue.
   
In recent years Pegas, which was purchased by a U.K.-based private equity fund, Pamplona Capital Partners in late 2005, has reported significant growth and investment. In 2005, the company’s sales rose from €75 million to €110 million thanks largely to new capacity. That year, the company brought its seventh spunbond production line, capable of producing 15,000 tons of material annually onstream. Pegas’ eighth line is already planned. The company announced this €40 million investment in 2006. The bulk of Pegas’ output targets the European hygiene market but the company also serves specialty markets throughout the world, according to executives.
        

Related Technology:

  • IDEA 2016 Wrap Up

    IDEA 2016 Wrap Up

    June 9, 2016
    Companies convened in Boston, MA to show off innovations and make connections.

  • 5 Key Trends  in the Future of Global Nonwovens Industry

    5 Key Trends in the Future of Global Nonwovens Industry

    May 13, 2016
    The global nonwovens market will grow to be worth $50.8 billion in 2020, up from a value of $37.4 billion in 2015.

  • Latin America Focus

    Latin America Focus

    Karen McIntyre, editor||April 13, 2016
    Investment continues in the region as disposables continue to take root with more consumers.