05.11.22
Ontex Group, a leading international provider of personal hygiene solutions, has confirmed that it has engaged in preliminary discussions with American Industrial Partners (AIP) with respect to a possible transaction that may result in a business combination with AIP’s portfolio company Attindas. Those discussions are at an early stage, and no agreement has been reached as to the structure or terms of any possible transaction. Ontex announced these discussions in response to press speculation that New York-based AIP was weighing the possibility of a takeover of Ontex.
AIP purchased the Attindas personal care unit from Domtar for $920 million last year. Ontex considered purchasing the unit in 2020.
European investment firm Groupe Bruxelles Lambert SA, currently owns nearly 20% of Ontex and may consider remaining invested in the company as part of any deal, according to reports. GBL has been exploring the possibility of teaming up with a partner to take Ontex private.
AIP purchased the Attindas personal care unit from Domtar for $920 million last year. Ontex considered purchasing the unit in 2020.
European investment firm Groupe Bruxelles Lambert SA, currently owns nearly 20% of Ontex and may consider remaining invested in the company as part of any deal, according to reports. GBL has been exploring the possibility of teaming up with a partner to take Ontex private.