“Both companies strongly believe in the future potential of advanced nonwovens, in particular elastic and extensible structures,” stated Jose Pina, Dow’s global market director, health and hygiene. “After determining that this joint venture was no longer the ideal vehicle to pursue innovation in this space, Dow reached an agreement with Fiberweb to acquire its interests in the joint venture. Dow and Fiberweb will continue to pursue advanced nonwovens opportunities jointly and independently.”
Under the joint venture, Fiberweb provided a unique fabrication technology base, while Dow provided its well-known materials science expertise. By acquiring Fiberweb’s interests in ADC through this transaction, Dow is able to further strengthen its elastics technology capabilities in combination with its extensive portfolio of advanced elastomers.