10.06.24
Here's your weekly recap—the most-viewed news stories on our site for the week ended Oct. 5, 2024.
Ontex Group, an international developer and producer of personal care products, will sell its Brazilian business activities to Softys S.A. for an enterprise value of BRL 671 million (or approximately €110 million). Softys, a personal hygiene company with operations across Latin America, also acquired Ontex’s Mexican business activities in 2023. It is a wholly owned subsidiary of Empresas CMPC S.A., headquartered in Chile.
Meanwhile, Winner Medical Co., Ltd. has acquired 75.2% equity of Global Resources International, Inc. in a cash deal valued at approximately $120 million. The acquisition of the U.S.-based company is Winner Medical’s first international equity acquisition project and marks an important step in its global strategy, providing it with an expanded manufacturing footprint with sites in the U.S., Dominican Republic, Vietnam and China. The two parties will create significant scale and synergy effects, establishing a new benchmark for “one-stop solution for global medical consumables,” enhancing international core competitiveness and improving supply chain capabilities and resilience.
Here are our top 3 most-viewed stories from the past week:
1. Ontex Enters Binding Agreement to Sell Brazilian Business
2. Winner Medical Acquires Stake in Global Resources International
3. Andritz to Offer Complete Dry Molded Fiber Lines
Ontex Group, an international developer and producer of personal care products, will sell its Brazilian business activities to Softys S.A. for an enterprise value of BRL 671 million (or approximately €110 million). Softys, a personal hygiene company with operations across Latin America, also acquired Ontex’s Mexican business activities in 2023. It is a wholly owned subsidiary of Empresas CMPC S.A., headquartered in Chile.
Meanwhile, Winner Medical Co., Ltd. has acquired 75.2% equity of Global Resources International, Inc. in a cash deal valued at approximately $120 million. The acquisition of the U.S.-based company is Winner Medical’s first international equity acquisition project and marks an important step in its global strategy, providing it with an expanded manufacturing footprint with sites in the U.S., Dominican Republic, Vietnam and China. The two parties will create significant scale and synergy effects, establishing a new benchmark for “one-stop solution for global medical consumables,” enhancing international core competitiveness and improving supply chain capabilities and resilience.
Here are our top 3 most-viewed stories from the past week:
1. Ontex Enters Binding Agreement to Sell Brazilian Business
2. Winner Medical Acquires Stake in Global Resources International
3. Andritz to Offer Complete Dry Molded Fiber Lines