Article: PGI Acquires Remaining 40% Stake of its Argentinean Joint Venture.

CHARLOTTE, N.C., Oct. 30 /PRNewswire-FirstCall/ -- Polymer Group, Inc. (BULLETIN BOARD: POLGA/POLGB) (PGI) announced today it has completed a transaction to purchase the 40 percent minority stake in Dominion Nonwovens Sudamericana, S.A. (PGI Argentina) from its partner, Guillermo E. Kraves. Terms of the transaction were not disclosed.

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Located near Buenos Aires, Argentina, PGI Argentina has been operating as a joint venture since 1997. The company began operations with the installation of a multi-beam spunmelt line serving the hygiene and industrial markets of the Mercosur region and ...

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