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Jacob Holm to acquire DuPont Sontara business from DuPont Protection Technologies
DuPont Protection Technologies and Jacob Holm & Sonner Holding AS, announced on Tuesday that they have signed a definitive agreement for Jacob Holm to acquire the DuPont Sontara business.
Sontara is a global nonwovens business that manufactures products used in a variety of medical and wipes applications, while Jacob Holm produces spun-laced nonwoven fabrics at its facilities in France and the US for the Hygiene, Industrial and homecare markets. Founded in 1794, it is headquartered in Switzerland.
At closing, Jacob Holm will acquire Sontara assets at DuPont sites in Asturias, Spain; Old Hickory, Tenn.; and approximately 240 employees worldwide, primarily in Spain and the US.
"We are grateful to the current and past employees of Sontara for their contribution to DuPont over the last 40 years and we are pleased to see the business well positioned for success in the future as part of Jacob Holm, a world-class organisation dedicated to the nonwovens industry," said Marc Doyle, president, DuPont Protection Technologies.
Martin Mikkelsen, CEO of the Jacob Holm Group, said: "The combination of Jacob Holm and Sontara complements two strong players and creates a new industry innovation leader for spunlaced nonwoven fabrics. The broader range of technology know-how results in higher innovation capabilities in product development and offers promising business opportunities to the benefit of our customers and our employees.
"We very much look forward to working with our new colleagues and partners who will undoubtedly contribute to the successful development of our group."
For additional information about Jacob Holm, please visit www.jacob-holm.com
The sale is expected to be completed in the third quarter of 2014, pending customary regulatory approvals.
19th June 2014