Freudenberg and Toray to buy Japan Vilene; ownership will be split 75/25 with German nonwovens giant as biggest shareholder

CLOVERDALE, CA, August 7, 2015-

Freudenberg SE and Toray Industries, Inc. have decided to buy up all public shares in Japan Vilene, establishing a jointly-owned company that will own all shares in the big Japanese nonwovens producer. Freudenberg will own 75% of the venture and Toray will own 25%.

At present, the German nonwovens giant owns 33.4% of Japan Vilene and Toray owns 17.49%.

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