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SWM Buys Air Filtration Assets from Pronamic Industries

Acquisition adds new capabilities to SWM’s DelStar platform

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

SWM of Alpharetta, GA, announced the acquisition of certain assets from Pronamic Industries, an air filtration media company headquartered in Wilson, NC. The assets were purchased through a privately negotiated transaction. The acquired business is expected to produce revenue in excess of $20 million in 2015 and its operations will form part of SWM’s Filtration segment. Terms of the transaction were not disclosed.
 
Frédéric Villoutreix, chairman of the board and chief executive officer of SWM, comments, “We are excited to add these attractive new assets to our DelStar platform. These air filtration media offerings bring complementary capabilities to DelStar and provide a solid base for further growth into the filtration industry. We look forward to continuing to service existing customers, while actively marketing these products globally to an expanded customer base. Over the next several years, we expect strong growth and profitability from these assets.”

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