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Lydall completes Gutsche acquisition
Lydall, a maker of speciality engineered products and materials, has further established itself in the industrial filtration market by completing the acquisition of textile engineering company, MGF Gutsche GmbH, in a cash deal reported to be worth $US58 million.
Lenzing reduces stake in EQUI-Fibres
Specialist fibres manufacturer Lenzing Group has reduced its equity stake in EQUI-Fibres from 45 to 20 per cent.
Hygiene acquisition for Ontex
Hygiene products manufacturer Ontex Group has agreed to acquire the personal hygiene business of Hypermarcas S.A. (HM personal hygiene) for €286 million.
SCA to leave Indian hygiene market
Global hygiene products business SCA is to discontinue its hygiene business in India, four years after entering the Indian market. The company has concluded that profitability cannot be achieved within a reasonable timeframe.
PCMC adds to nonwovens sales team
The Paper Converting Machine Company (PCMC), which serves the global tissue, nonwovens, package printing and envelope manufacturing industries, has announced Dave Kessenich as its folding international sales director.
Ahlstrom, Munksjö merger update
The Finnish Financial Supervisory Authority (FSA) has approved a prospectus in relation to the merger of Ahlstrom Corporation and Munksjö Oyj which will see the listing of new shares in Munksjö issued as merger consideration.
Novasep sells TangenX Technology
Molecule production and purification service company Novasep has sold its US subsidiary TangenX Technology Corporation bioprocessing business to Repligen Corporation.
JNC bi-co fibre production in Thailand
JNC Corporation has begun operation of its production line for ES Fibre, a thermoplastic bi-component fibre, at ES FiberVisions Thailand, its member company located in Rayong, Thailand.
Report forecasts wipes industry growth
The global nonwoven wipes market accounts for 13 per cent of all nonwovens produced and is the second fastest growing end-use, according to a new report from nonwovens association INDA.
Restructuring at H.B. Fuller
Adhesives giant H.B. Fuller has announced restructuring plans, aiming to make approximately US$18 million in annual savings, in response, says the company, to petrochemical prices and a stronger US doll
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