Freudenberg makes bid to acquire Low & Bonar; says move will help it boost spunlaid expertise
CLOVERDALE, CA, October 3, 2019-
Nonwovens giant Freudenberg made an offer last week to acquire durable products specialist Low & Bonar in a move described as intended to help the purchaser increase its expertise in spunlaid nonwovens while also opening up “new areas of activity to Freudenberg.”
Assuming necessary conditions are met, the purchase is expected to become effective in the first half of 2020.
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