# 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.

- Type: Acquisition
- Announced: 2019-09-20
- Where: London, United Kingdom, United Kingdom
- Jobs: 1,900
- Status: announced
- Products: technical textiles, spunlaid nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Freudenberg Group](https://endata.com/companies/15958.md) (acquirer)
- [Low & Bonar](https://endata.com/companies/23365.md) (target)

## Sources

- [freudenberg-pm.com](https://www.freudenberg-pm.com/en/news-insights/press/2019_09_20), 2019-09-20: "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."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/freudenberg-submits-offer-to-buy-low-bonar/), 2019-09-20: "With the acquisition, we would like to strengthen our performance materials business"
- [innovationintextiles.com](https://innovationintextiles.com/freudenberg-submits-offer-for-low-bonar/), 2019-09-23: "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."
- [nonwovensnews.com](https://www.nonwovensnews.com/2019/09/23/freudenberg-submits-offer-for-low-bonar/), 2019-09-23: "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."
- [indiantextilejournal.com](https://indiantextilejournal.com/freudenberg-to-expand-spunlaid-business/), 2019-10-07: "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"
- [chemnews.com.cn](https://www.chemnews.com.cn/c/2019-10-14/595273.shtml), 2019-10-14: "科德宝对位于英国伦敦的Low & Bonar公司提出全资收购要约。"
- [indiantextilejournal.com](https://indiantextilejournal.com/freudenberg-to-expand-spunlaid-business-2/), 2019-11-01: "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."

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