Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Ontex Confirms Possibility of Attindas Deal - Nonwovens Industry

What are you searching for?

Sign in
Nonwovens News

Ontex Confirms Possibility of Attindas Deal

Hygiene manufacturer confirms reports it's in preliminary talks to merge with former Domtar unit

Author Image

By: Karen McIntyre

Editor, Nonwovens Industry

Ontex Group, a leading international provider of personal hygiene solutions, has confirmed that it has engaged in preliminary discussions with American Industrial Partners (AIP) with respect to a possible transaction that may result in a business combination with AIP’s portfolio company Attindas. Those discussions are at an early stage, and no agreement has been reached as to the structure or terms of any possible transaction. Ontex announced these discussions in response to press speculation that New York-based AIP was weighing the possibility of a takeover of Ontex.

AIP purchased the Attindas personal care unit from Domtar for $920 million last year. Ontex considered purchasing the unit in 2020.

European investment firm Groupe Bruxelles Lambert SA, currently owns nearly 20% of Ontex and may consider remaining invested in the company as part of any deal, according to reports. GBL has been exploring the possibility of teaming up with a partner to take Ontex private.

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters

Topics