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DuPont completes sale of Sontara business to Jacob Holm
DuPont Protection Technologies and Jacob Holm announced yesterday the completion of the sale of the DuPont Sontara business to Jacob Holm.
Sontara is a global nonwovens business that produces products used in a variety of medical and wipes applications. Jacob Holm is a leading company for spunlaced nonwoven fabrics.
"This transaction represents another step in the execution of our growth strategy in DuPont Protection Technologies and further enhances our focus on delivering innovative advanced materials that drive profitable growth both today and over the long term," said Marc Doyle, president, DuPont Protection Technologies.
"We wish those in the Sontara business every success under Jacob Holm."
Martin Mikkelsen, CEO, Jacob Holm Group, added: "The combination of Sontara and Jacob Holm will create a new industry innovation leader for spunlaced non-woven fabrics.
"This is an extraordinary day in the history of our Group and we look forward to welcoming all Sontara employees to our company."
As part of the acquisition, Jacob Holm will now operate Sontara assets in Asturias, Spain, and Old Hickory, Tenn., employing 240 employees worldwide. Financial terms were not disclosed.
Founded in 1794, Jacob Holm has production facilities in France and the US and is headquartered in Switzerland.
4th September 2014