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Article: Jacob Holm & Sonner acquires Tytex Group

Article from:
Technical Textiles International : TTI
Article date:
October 1, 2006
Author:
Copyright

JACOB HOLM & Sonner AS, a nonwoven manufacturer based in Denmark, is to expand its business by the acquisition of the Tytex Group, which specializes in advanced knitting technology for major applications in Healthcare. Initially, in a multi-stage process, Jacob Holm & Sønner will hive off its division Jacob Holm & Sons STA (Special & Technical Applications), creating an independent company called Jacob Holm & Sons STA AS, in which the Danish investment company, LD Equity, will acquire a shareholding.

Subsequently, Jacob Holm & Sons STA will take over all the shares in the Tytex Group from the Thygesen Textile Group, which is owned by Axcel, another Danish investment ...

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