Breaking News

Avgol confirms talks with PGI owner

April 5, 2012

Israeli nonwovens producer Avgol has confirmed that it has made contact with Blackstone Group, the private equity owner of fellow nonwovens producer Polymer Group Inc., but said plans for an acquisition or merger is not near.

“The company wishes to clarify that it examines opportunities for merger and/or acquisition transactions and/or business cooperation with various parties from time to time. Within this context, initial contacts are being made with the Blackstone Investment Fund, which at this stage, have neither developed into negotiations or details for a transaction, nor is there any certainty that these contacts shall develop into a transaction,” the company said in a written statement.

Adding that the company would issue a further report if any deal materializes, Avgol issued the statement following media reports it was meeting with Blackstone. A publicly traded company, Avgol is based in Tel Aviv and has manufacturing sites in North Carolina, China and Russia. Sales in 2010 were about $277 million.
  • Advances in Ultrasonics

    Advances in Ultrasonics

    Tara Olivo, associate editor||January 2, 2017
    Ultrasonic suppliers’ improved bonding systems allow for softer, more comfortable absorbent hygiene products.

  • Private Label: Not About No Frills Anymore

    Karen McIntyre, Editor||January 2, 2017
    Competition in the diaper market focuses on quality, not value.

  • Hygiene Machinery Review

    Karen McIntyre, Editor||January 2, 2017
    The growing importance of adult incontinence plus a widespread need for increased flexibility has changed the game for makers