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Article: LD Equity increases its stake in Jacob Holm & Sons STA to take complete ownership

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Technical Textiles International : TTI
Article date:
April 1, 2007
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DANISH INVESTMENT company LD Equity will become the sole shareholder in Jacob Holm & Sons STA after agreeing to buy out its existing partner's 40% stake. LD Equity will buy the 40% shareholding of Poul Mikkelsen, the owner of Jacob Holm & Sonner A/S, to leave it as the sole owner.

Formerly a special and technical business division of Jacob Holm & Sonner, Jacob Holm & Sons STA is known in the market through its current subsidiaries: Norafin, a manufacturer of technical and speciality nonwovens; and Tytex, a producer of medical textiles for global healthcare companies.

According to Jacob Holm & Sons STA, LD Equity was motivated by the business ...

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