This transaction represents another step in the execution of our growth strategy in DuPont Protection Technologies and further enhances our focus on delivering innovative advanced materials that drive profitable growth both today and over the long term
Wilmington, Del. (PRWEB) September 02, 2014
DuPont Protection Technologies (DuPont) and JACOB HOLM & SØNNER HOLDING A/S (Jacob Holm) today announced completion of the sale of the DuPont™ Sontara® business to Jacob Holm. Sontara® is a global nonwovens business that produces products used in a variety of medical and wipes applications. Jacob Holm is a leading company for spunlaced nonwoven fabrics.
“This transaction represents another step in the execution of our growth strategy in DuPont Protection Technologies and further enhances our focus on delivering innovative advanced materials that drive profitable growth both today and over the long term,” said Marc Doyle, president, DuPont Protection Technologies. “We wish those in the Sontara® business every success under Jacob Holm.”
“The combination of Sontara® and Jacob Holm will create a new industry innovation leader for spunlaced non-woven fabrics,” said Martin Mikkelsen, CEO, Jacob Holm Group. “This is an extraordinary day in the history of our Group and we look forward to welcoming all Sontara® employees to our company.”
As part of the acquisition, Jacob Holm will now operate Sontara® assets in Asturias, Spain, and Old Hickory, Tenn., employing 240 employees worldwide. Financial terms were not disclosed.
Jacob Holm is a leading company for spunlaced nonwoven fabrics. Founded in 1794, the company has production facilities in France and the United States and is headquartered in Switzerland. About 230 employees produce high-quality and innovative spunlaced nonwovens. The company’s products serve customers in the Home Care, Hygiene and Industrial markets. For additional information about Jacob Holm, please visit http://www.jacob-holm.com.
DuPont Protection Technologies is a leader in technologies and products that protect people, the environment and critical assets worldwide. For additional information, please visit DuPont Protection Technologies.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.
DuPont Forward-Looking Statements: This news release contains forward-looking statements which may be identified by their use of words like "plans," "expects," "will," "believes," "intends," "estimates," "anticipates" or other words of similar meaning. All statements that address expectations or projections about the future, including statements about the company's growth strategy, product development, regulatory approval, market position, anticipated benefits of acquisitions, outcome of contingencies, such as litigation and environmental matters, expenditures and financial results, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. Forward-looking statements also involve risks and uncertainties, many of which are beyond the company's control. Some of the important factors that could cause the company's actual results to differ materially from those projected in any such forward-looking statements are: fluctuations in energy and raw material prices; failure to develop and market new products and optimally manage product life cycles; significant litigation and environmental matters; failure to appropriately manage process safety and product stewardship issues; changes in laws and regulations or political conditions; global economic and capital markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions; security threats, such as acts of sabotage, terrorism or war, weather events and natural disasters; ability to protect and enforce the company's intellectual property rights; successful integration of acquired businesses and separation of underperforming or non-strategic assets or businesses and successful completion of the proposed spinoff of the Performance Chemicals segment including ability to fully realize the expected benefits of the proposed spinoff. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.
# # #
The DuPont Oval Logo, DuPont™ and Sontara® are registered trademarks or trademarks of DuPont or its affiliates.