The European Commission has authorized the planned acquisition of the technical textiles manufacturer Low & Bonar Plc, London/UK, by Freudenberg Performance Materials Holding SE & Co. KG, Weinheim/Germany, on April 17, 2020.
The global technology group Freudenberg acquired 100 % of the shares in Low & Bonar. Freudenberg submitted an offer in September 2019. The Low & Bonar shareholders approved the sale in November 2019. The company will be integrated in the Freudenberg Performance Materials Business Group.
Both companies use leading edge technologies to develop and manufacture its fabrics and textiles and for refining textiles and materials. The products from both companies are top quality and the goal is to be responsibly sustainable in their actions. Sustainability is integrated in the entire product cycle, including the use of raw materials and energy as well as the entire manufacturing process. International standards are not merely satisfied but exceeded.