The Polymer Group has announced it’s completed the acquisition of Fiberweb plc, a large scale developer and manufacturer of specialty non woven products and materials for a variety of industrial markets.
The acquisition of Fiberweb marks a critical step in PGI’s strategy of accelerated and sustainable growth, bringing both companies into new market segments and expanding PGI’s global reach. PGI now operates in 13 countries with an employee base of approximately 4,000 employees. Through the combination of the companies, PGI can now serve a broader range of global customers across North America, South America, Europe and the Asia-Pacific region with a wide range of technologies and products.
Fiberweb’s offerings in Filtration, Building and Construction, Agriculture, Healthcare, Technical Fabrics, Geosynthetics and Hygiene will complement PGI’s established presence across Hygiene, Healthcare, Wipes and Industrial markets.
Joel Hackney Jr., Chief Executive Officer of PGI said;
We are committed to investing and growing our presence in our key market segments as well as those in which Fiberweb operates, we look forward to welcoming the Fiberweb team as they join us in our mission of creating a safer, cleaner, healthier world for our families and communities.