# R2G completes acquisition of FQN, creates PFNonwovens

R2G completed the acquisition of 100% of FQN US and FQN China from First Quality Enterprises. The combined entity, PFNonwovens, will have annual production capacity of over 210,000 tonnes of nonwoven textiles.

- Type: Acquisition
- Announced: 2018-06-29
- Where: Prague, Czechia
- Status: completed
- Capacity: 210000 tonnes per year
- Products: nonwoven textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [PFNonwovens](https://endata.com/companies/32856.md)
- [R2G](https://endata.com/companies/25703.md) (acquirer)
- [First Quality Enterprises](https://endata.com/companies/32019.md) (partner)
- [FQN US](https://endata.com/companies/32854.md) (target)
- [FQN China](https://endata.com/companies/32855.md) (target)

## Sources

- [patria.cz](https://www.patria.cz/zpravodajstvi/3867714/r2g-dokoncila-koupi-fqn-a-zaklada-svetoveho-hrace-na-trhu-netkanych-textilii.html), 2018-06-29: "R2G oznamuje, že zároveň s dokončením této akvizice vytváří koncern PFNonwovens, který dosáhne kombinované roční produkce přes 210.000 tun netkaných textilií."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.