Low & Bonar

Freudenberg proposed a wholly-owned acquisition of Low & Bonar, a technical nonwoven manufacturer, to expand its nonwoven expertise. The deal is subject to shareholder and antitrust approval.

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.

Nimbus purchased the Needle-Punched Non-Wovens business from Low & Bonar, covering operations in Hungary and Belgium, including brand names Bontec and Tipptex. The business will continue as Bontexgeo, employing about 200 people.

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.

Low & Bonar plc acquired PDM Molding, Inc. and PDM Molding NW, Inc., manufacturers of rotational molded plastics, making Low & Bonar the second largest custom rotomolder in North America. Terms were not disclosed.