Freudenberg,Toray wrap up Vilene purchase; JVC now operates within German NW firm




CLOVERDALE, CA, April 28, 2016-

Freudenberg SE and Toray Industries completed their acquisition of Japan Vilene Company Ltd., which began operating as the newest business group within Freudenberg’s Nonwovens and Filtration Business Area on April 1. Japan Vilene is expected to continue to operate under its present name.

JVC’s stock was delisted from the stock market in Tokyo on December 25, 2015. Freudenberg now owns 75% of JVC and Toray owns 25%. Based on the initial announced share price, it was expected to cost the acquirers about $282 million to buy out the other shareholders; the two firms had been l long-time owners of JVC stock.


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