# Low & Bonar sells Construction Fibres business to Adfil NV and Industria BV

Low & Bonar has agreed to dispose of its Construction Fibres business for €6.4 million to Adfil NV and Industria BV, including the factory site in Zele, Belgium.

- Type: Acquisition
- Announced: 2019-07-01
- Where: Zele, Belgium
- Value: $7.20M (6.40M EUR)
- Status: announced
- Products: construction fibres
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Low & Bonar](https://endata.com/companies/23365.md)
- [Adfil NV](https://endata.com/companies/40365.md) (acquirer)
- [Industria BV](https://endata.com/companies/40366.md) (acquirer)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/low-bonar-sells-construction-fibres-business/), 2019-07-01: "We are pleased to announce the disposal of the Construction Fibres business as part of our strategy to simplify our portfolio and to improve our core business."

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