Acquisition of Fiber Dynamics
FDI manufactures meltblown and carded nonwovens for disinfectant wipes, filtration, face masks, automotive, medical, hygiene and other industrial applications. The acquisition will strengthen Fitesa’s asset base to serve the healthcare market, especially the wipes segment. In addition, it will increase the company’s technical expertise with the hiring of trained and experienced employees.
This is Fitesa’s third acquisition in 2020. In February, the company acquired Freudenberg Hygiene Brazil and in August, the company announced the agreement to purchase Tredegar Personal Care, which is expected to close during the 4th quarter of 2020.