Charlotte-based nonwovens producer Polymer Group Inc. (PGI) has made an offer to purchase Fiberweb Plc, a London-based nonwovens and geosynthetics producer. Fiberweb's Board of Directors has stated that although there is no guarantee the acquisition will go through, it recommends that the company accept PGI's offer under the proposed terms.
PGI focuses primarily on producing nonwovens for the hygiene, wipes, medical and industrial markets. The company has manufacturing plants in Benson, N.C., Mooresville, N.C., Waynesboro, Va., and Clackamas, Ore., as well as in Canada, South America, Europe and China; and more than 3,000 employees worldwide.
Fiberweb has plants in Old Hickory, N.C., and Minneapolis, as well as in Europe, China and India.
