First Quality Enterprises

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.

Czech investment firm R2G, majority owner of Pegas Nonwovens, is buying First Quality Enterprises' nonwovens operations in the US and China. The price is estimated at up to $500 million.