Fibertex Nonwovens acquires US nonwoven manufacturer
from Innovation in Textiles
Fibertex Nonwovens, a subsidiary of Schouw & Co. industrial group, has agreed to acquire all shares in Non Woven Solutions, a U.S. nonwovens manufacturer. As part of the transaction worth $25 million, a previously leased property has been acquired. "Acquiring NWS is an important strategic step for us. In recent years, Fibertex Nonwovens has increasingly focused on special-purpose products for the composites, automotive and other industries. NWS is a perfect match for this strategy," explained Jørgen Bech Madsen, CEO of Fibertex Nonwovens.
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