Acquisition has taken many forms in nonwovens in recent months, ranging from private equity investment and backward integration to the merger of major competitors in key markets.
Slideshows
Acquisition is Heavy in Nonwovens
Atex Purchased by PE Firm
In February EOS Investment Management acquired a majority stake in spunbond maker Atex, including its sites in Georgia and Italy. The new ownership will allow Atex to pursue its growth strategy in industrial markets.
Glatfelter Purchases G-P's European Operations
In June, the world's largest airlaid producer bought main competitor Georgia-Pacific's operation in Steinfurt, Germany. The site's technology complements Glatfelter's existing German operation in Falkenhagen.
Pegas Owner Buys First Quality Nonwovens
In May, the owner of PF Nonwovens (formerly known as Pegas) said it would expand into the U.S. and Chinese markets through the acquisition of First Quality Nonwovens. Earlier this year, Pegas—including sites in Czech Republic, Egypt and South Africa—was purchased by private equity firm R2G Group, who made clear its intention to create a truly global nonwovens company.
Fitesa Buys Stake In CNC Internatioanl
In July, Brazil's Fitesa purchased a majority stake in CNC International, a Thai-based spunmelt producer. The formation of this joint venture gives Fitesa its first entry into the Asian hygiene market, the fastest growing in the world.
Indorama Buys Avgol
In May, chemical conglomerate Indorama Ventures announced it would buy Avgol, an Israeli-based maker of spunmelt nonwovens. Avgol's manufacturing assets in the U.S., Israel, China, Russia and India will give Indorama better access to the fast-growing hygiene market.
08.16.18
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Atex Inc.
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Trevira GmbH
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Fibrix, LLC
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