Colbond and Bonar Technical Fabrics will merge under organizational changes being introduced by their parent company Low & Bonar Plc, a multinational group of high performance technical textile producers. The changes are aimed at accelerating growth and putting the group on a clear path to globalization.
The portfolios of Colbond and Bonar Technical Fabrics are complementary. The merger will create an organization that has the scope and scale necessary for further sustainable global growth.
Orwig Speltdoorn, a member of the executive management team of Low & Bonar for many years and managing director of Bonar Technical Fabrics, will lead the integration. He will be supported by Bart Austin, a long-standing member of Colbond’s management team. Jan van Boldrik, who has served as CEO of Colbond for 15 years, has been appointed as managing director of Low & Bonar’s Coated Fabrics Division Mehler Texnologies.
“These changes are designed to enhance our global reach, accelerate growth and balance our great operational strengths with a strategic, longer-term market focus,” says Steve Good, group chief executive, Low & Bonar Plc. “The merger of Bonar Technical Fabrics and Colbond will create a strong platform for further top-line growth and an even wider technology portfolio for our customers.”
Colbond is a producer and supplier of high-quality synthetic nonwovens for flooring, automotive and construction applications and of three-dimensional polymeric mats and composites for civil engineering, building and industrial applications.
The Bonar Technical Fabrics Group is a market leader in the production and supply of woven fabrics, nonwovens and fibers for civil engineering, agriculture and industrial applications as well as the construction industry.
Colbond and Bonar Technical Fabrics are subsidiaries of Low & Bonar, a group of producers and suppliers of performance technical textiles operating worldwide. Listed on the London Stock Exchange, Low & Bonar employs more than 2,000 people worldwide.
Colbond merges with Bonar Technical Fabrics
Published April 4, 2012