DuPont sells Sontara business to Jacob Holm
Sontara produces nonwoven products used in medical and wipes applications
DuPont Protection Technologies has agreed to sell its Sontara nonwovens business to Switzerland-headquartered Jacob Holm.
No financial details have been revealed.
Sontara produces nonwoven products used in a variety of medical and wipes applications. Jacob Holm is a leading company for spunlaced nonwoven fabrics serving customers in the Home Care, Hygiene and Industrial markets.
'The combination of Jacob Holm and Sontara complements two strong players and creates a new industry innovation leader for spunlaced nonwoven fabrics,' said Martin Mikkelsen, Chief Executive of the Jacob Holm Group.
'The broader range of technology know-how results in higher innovation capabilities in product development and offers promising business opportunities to the benefit of our customers and our employees.'
The sale is expected to be completed in the third quarter of 2014, pending regulatory approvals.
At closing, Jacob Holm will acquire Sontara assets at DuPont sites in Asturias, Spain; Old Hickory, Tennessee, US; and approximately 240 employees worldwide, primarily in Spain and the US.
