• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Applications
    • Technology
    • Market
    • Other
    • Top 40
    • Buyers Guide
    • Hygiene Directory
    • More
  • Magazine
  • News
  • Exclusives
  • Applications
  • Technology
  • Market
  • Other
  • Top 40
  • Buyers Guide
  • Hygiene Directory
  • Current / Back Issues
    Features
    Editorial
    Columns
    Digital Edition
    Southeast Asia Edition
    eNewsletter Archive
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    Fibers Report

    Household Wipes Market

    Sustainable Hygiene Products Gain Ground

    Moist Toilet Wipes Lead 2024 Growth, Baby Wipes Decline, and General-Purpose Wipes Bounce Back

    Dissolvable Wipes. Will They Be the Industry’s Next Big Thing?
    Company Cameo
    Financial News
    Machinery Equipment
    New Products
    Nonwovens News
    Patent Review
    People in the News
    Supplier News
    Top News
    Live From Shows
    Top News
    Drylock Technologies Offers Packaging Breakthrough

    Premier Care Industries Expands Manufacturing Operations

    What You’re Reading on Nonwovens-Industry.com

    Hello Bello Launches Dr. Seuss Collection at Walmart

    Griffin Care Celebrates Milestone
    Nonwovens Insights
    Online Exclusives
    Adult Incontinence
    Absorbent Core
    Antimicrobials
    Apparel
    Automotive and Transportation
    Face Masks
    Chemicals / Adhesives
    Construction
    Contract Services
    Diaper, Baby
    Electronics
    Feminine Hygiene
    Fibers
    Filtration
    Flame Retardance
    Geotextile / Agrotextile
    Home Products
    Hygiene Film/Components
    Industrial / Institutional
    Inspection / Quality Control
    Machinery and Equipment
    Medical
    Wipes

    Premier Care Industries Expands Manufacturing Operations

    Hello Bello Launches Dr. Seuss Collection at Walmart

    Millie Moon Expands into Walmart

    Nippon Shokubai's U.S. Group Company Acquires ISCC Plus Certification

    Ahlstrom Expands FibRoc Portfolio
    Air Through Bonding
    Airlaid
    Carded/Carding
    Chemical Bonded
    Composite
    Meltblown
    Needlepunch
    Nanotechnology
    Spunbond
    Spunbond/Spunmelt
    Spunlace
    Thermal Bonded
    Wetlaid

    Softbond, A.Celli Collaborate on Spunbond Line

    Freudenberg to Showcase Advanced Foam Replacement at FOAM Expo

    Reifenhauser Reicofil GmbH & Co.

    Enka Tecnica GmbH / Reifenhauser Heinsberg GmbH

    Sandler Group
    China
    Eastern Europe/Russia
    India
    Middle East/North Africa
    North America
    Pacific Rim
    South/Central America
    Turkey
    Western Europe

    Premier Care Industries Expands Manufacturing Operations

    A Look At Megasoft—Asia's Vertically Integrated Hygiene Producer

    CIDPEX Middle East to be Held in September

    Pelsan Tekstil to Add Films Production in North Carolina

    Citadel J – From Round Wipes Roll to Revenue
    Associations
    Contracts / Awards
    Education
    Facilities / Capacity
    Green / Sustainability
    Legal / Regulatory
    Market Data
    Flushability
    Mergers and Acquisitions
    Product Improvement / Innovation
    R&D/Basic Research
    Shows / Events

    Premier Care Industries Expands Manufacturing Operations

    Nippon Shokubai's U.S. Group Company Acquires ISCC Plus Certification

    Joa to Acquire Cellulose Converting Solutions

    Smithers Predicts Growth for Nonwoven Battery Separators

    CIDPEX Middle East to be Held in September
    Chart
    Companies
    All Companies
    Categories
    Company Profiles
    Add New Company
    International Buyers Guide Companies
    Herrmann Ultrasonics, Inc.

    ELSNER

    Alliance Machine and Engraving

    Dukane Center of Excellence for Personal Care, Nonwovens and Packaging

    Valco Melton
    Brands
    Brand Owners
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • Southeast Asia Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers Guide
      • All Companies
      • Categories
      • Company Profiles
      • Add Your Company
    • Applications
      • Absorbent Core
      • Adult Incontinence
      • Antimicrobials
      • Apparel
      • Automotive and Transportation
      • Chemicals / Adhesives
      • Construction
      • Contract Services
      • Diaper, Baby
      • Electronics
      • Feminine Hygiene
      • Fibers
      • Filtration
      • Flame Retardance
      • Geotextile / Agrotextile
      • Home Products
      • Hygiene Film/Components
      • Industrial / Institutional
      • Inspection / Quality Control
      • Machinery and Equipment
      • Medical
      • Wipes
      • Face Masks
    • Technology
      • Air Through Bonding
      • Airlaid
      • Carded/Carding
      • Chemical Bonded
      • Composite
      • Meltblown
      • Needlepunch
      • Nanotechnology
      • Spunbond
      • Spunlace
      • Thermal Bonded
      • Wetlaid
      • Spunbond/Spunmelt
    • Market
      • China
      • Eastern Europe/Russia
      • India
      • Middle East/North Africa
      • North America
      • Pacific Rim
      • South/Central America
      • Turkey
      • Western Europe
    • Other
      • Associations
      • Contracts / Awards
      • Education
      • Facilities / Capacity
      • Green / Sustainability
      • Legal / Regulatory
      • Market Data
      • Mergers and Acquisitions
      • Product Improvement / Innovation
      • R&D/Basic Research
      • Shows / Events
      • Flushability
    • Top 40 Companies
      • Chart
      • Companies
    • Online Exclusives
    • Slideshows
    • Hygiene Directory
      • Brands
      • Brand Owners
    • Experts Opinions
    • Videos
    • Podcasts
    • Infographics
    • eBook
    • Whitepapers
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
      • Live From Asian Connections
    • Jobs
    • Resources
      • Suppliers Gallery
      • Literature Showcase
      • Web Showcase
      • Home Page Showcase
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Ontex Board Unanimously Rejects Revised Interest from PAI

    Both companies now consider the matter closed

    09.04.18
    Ontex Group NV is providing an update on the unsolicited and non-binding proposal relating to a possible cash offer for the outstanding shares in Ontex by PAI Partners SAS (“PAI”).

    The Ontex board of directors confirms that it has received an updated indication of interest, expressed as final, from PAI that was below the value of their previous proposal. The Ontex board of directors unanimously agreed that it could not recommend an offer on the terms being discussed and now considers the matter closed. On that basis, PAI informed Ontex that it also considers the matter closed.

    The board of directors continues to have full confidence in the strategy being executed by the management team and believes that this will deliver attractive long-term value to Ontex’s shareholders. Ontex H1 2018 results, published on July 26, demonstrated clear progress against the company's 2018 priorities, with continued strong demand for our products, early indications of improvements in Brazil, positive price/mix and a sequential improvement in margins in Q2 despite severe input cost and FX headwinds. 

    Ontex Chairman Luc Missorten says: “The board of directors has full confidence in the group’s strategy and our recent results demonstrate that clear progress is being made. The approach from PAI has strengthened our resolve to deliver value faster. The board of directors is conducting a comprehensive review of the available options to accelerate the delivery of value for the benefit of our shareholders. The board of directors expects this review to be completed by the end of Q4 2018.“ 
    Related Searches
    • management
    • products
    • non
    • ontex
    Related Knowledge Center
    • Adult Incontinence
    • Feminine Hygiene
    • Diaper, Baby
    Suggested For You
    2018 Machinery & Equipment Review 2018 Machinery & Equipment Review
    Suominen Appoints New President, CEO Suominen Appoints New President, CEO
    PFNonwovens Announces Board Changes PFNonwovens Announces Board Changes
    PAI Ups Offer for Ontex PAI Ups Offer for Ontex
    Africa Baby Diaper Market Africa Baby Diaper Market
    Andritz to Buy Xerium Andritz to Buy Xerium
    Ontex Mexico Celebrates 40 Years Ontex Mexico Celebrates 40 Years
    Kimberly-Clark Appoints CMO Kimberly-Clark Appoints CMO
    Ontex Consolidates Brazilian Operations Ontex Consolidates Brazilian Operations
    Higher Volumes Boost Ontex’s Revenue Higher Volumes Boost Ontex’s Revenue
    Steve Schiffman to Lead IFAI Steve Schiffman to Lead IFAI
    INDA Adds Five to Board INDA Adds Five to Board
    NCTO, AMFA Merge NCTO, AMFA Merge
    Berry Adds to Board Berry Adds to Board
    Ontex Reports Successful 2017 Ontex Reports Successful 2017

    Related Features

    • Machinery and Equipment
      2018 Machinery & Equipment Review

      2018 Machinery & Equipment Review

      The biggest suppliers of nonwovens and related machinery discuss their latest technologies.
      Tara Olivo, Associate Editor 08.09.18

    • Suominen Appoints New President, CEO

      Pekka Ojanpää to lead company
      08.03.18

    • PFNonwovens Announces Board Changes

      Marian Rašík resigns from board, remains CFO
      07.17.18


    • Diaper, Baby | Feminine Hygiene | Western Europe
      PAI Ups Offer for Ontex

      PAI Ups Offer for Ontex

      Private equity firm begins due diligence for proposed takeover
      07.10.18

    • South Africa
      Africa Baby Diaper Market

      Africa Baby Diaper Market

      Africa’s diaper market has finally reached the tipping point.
      Raymond Chimhandamba, Diaper Industry Consultant 07.06.18

    Loading, Please Wait..
    Breaking News
    • Drylock Technologies Offers Packaging Breakthrough
    • Premier Care Industries Expands Manufacturing Operations
    • What You’re Reading on Nonwovens-Industry.com
    • Hello Bello Launches Dr. Seuss Collection at Walmart
    • Griffin Care Celebrates Milestone
    View Breaking News >
    CURRENT ISSUE

    June 2025

    • Fibers Report
    • Household Wipes Market
    • Sustainable Hygiene Products Gain Ground
    • Hygiene Goods Continue to Drive Expansion in Fluff Pulp
    • View More >