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Article: PGI Acquires Remaining 40% Stake of its Argentinean Joint Venture.
- Article from:
- PR Newswire
- Article date:
- October 30, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080903/CLW036LOGO-b )
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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