“This transaction represents another step in the execution of our growth strategy in DuPont Protection Technologies and further enhances our focus on delivering innovative advanced materials that drive profitable growth both today and over the long term,” says Marc Doyle, president, DuPont Protection Technologies. “We wish those in the Sontara business every success under Jacob Holm.”
“The combination of Sontara and Jacob Holm will create a new industry innovation leader for spunlaced nonwoven fabrics,” says Martin Mikkelsen, CEO, Jacob Holm Group. “This is an extraordinary day in the history of our group and we look forward to welcoming all Sontara employees to our company.”
As part of the acquisition, Jacob Holm will now operate Sontara assets in Asturias, Spain, and Old Hickory, TN in the U.S., employing 240 employees worldwide. Financial terms were not disclosed.