Freudenberg offers to acquire Low & Bonar PLC

Freudenberg, a global technology group, has made an offer to acquire 100% of the shares in Low & Bonar PLC, a UK-based manufacturer of technical textiles, for approximately GBP 350 million in sales. The acquisition aims to strengthen Freudenberg's nonwovens business and expand its technical expertise.

“With the acquisition, we would like to strengthen our performance materials business, and with Low & Bonar's innovative technology we could further expand our technical know-how.”freudenberg-pm.com

• 7 sources
• freudenberg-pm.comFreudenberg submits offer for Low & Bonar PLCSep 20, 2019
• nonwovens-industry.comFreudenberg Submits Offer to Buy Low & Bonar - Nonwovens IndustrySaveSep 20, 2019
• innovationintextiles.comFreudenberg submits offer for Low & BonarSep 23, 2019
• nonwovensnews.comFreudenberg submits offer for Low & Bonar | Nonwovens NewsHaydn DavisSep 23, 2019
• indiantextilejournal.comFreudenberg to expand spunlaid business - Indian Textile JournalOct 7, 2019
• chemnews.com.cn科德宝拟收购纺织品制造商 - 资讯 - 中国化工信息周刊网Oct 14, 2019

Summarized from public sources; check the original articles before acting on it.