A subsidiary of PGI Specialty Materials will acquire Dounor SAS, a French manufacturer of materials used in hygiene, healthcare and industrial applications.
“The acquisition of Dounor is expected to help accelerate the growth of PGI's specialty materials business in Europe, particularly in hygiene applications,” PGI said in a press release.A subsidiary of PGI Specialty Materials will acquire Dounor SAS, a French manufacturer of materials used in hygiene, healthcare and industrial#
The agreement to acquire Dounor follows PGI's acquisition of Fiberweb in 2013 and Providencia in 2014 as PGI extends its position in specialty materials for infection prevention and personal care.
Based in Neuville en Ferrain, France, Dounor's strong business in hygiene, mainly adult care products, will expand PGI's offerings and enable PGI to better deliver its innovative solutions to customers in Europe.
"Dounor has grown into one of the top providers in materials for adult care and other hygiene applications in Europe, making them an ideal addition to our business," said CEO Joel Hackney.
He added, "This acquisition will enable us to better serve our customers in the hygiene market, particularly in northern Europe, and we are excited about the opportunities this will create for our growth."
PGI expects to close the acquisition of Dounor in the second quarter of 2015.
“Becoming a part of this growing company will allow us to provide our innovative products to a broader set of customers in the markets PGI serves, " Christophe Willot, president at Dounor said.
PGI is a leading global developer, producer and marketer of specialty materials used in infection prevention, personal care and high-performance solutions.
It has 22 locations in 14 countries, an employee base of approximately 4,600 employees and the broadest range of process technologies in the industry.
Dounor is a leading European provider of products, technology and solutions for the personal care industry.
The company founded by Christophe Willot in 1986 in Neuville en Ferrain, France is now one of the recognised producers of specialty materials for the European hygiene industry. (AR)
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