DuPont Protection Technologies Sale of the DuPont™ Sontara® Business to Jacob Holm Complete
WILMINGTON, Del., & BASEL, Switzerland, Sept. 2, 2014 – DuPont Protection Technologies (DuPont) and JACOB HOLM & SØNNER HOLDING A/S (Jacob Holm) today announced completion of the sale of the DuPont™ Sontara® business to Jacob Holm. Sontara® is a global nonwovens business that produces products used in a variety of medical and wipes applications. Jacob Holm is a leading company for spunlaced nonwoven fabrics.
“This transaction represents another step in the execution of our growth strategy in DuPont Protection Technologies and further enhances our focus on delivering innovative advanced materials that drive profitable growth both today and over the long term,” said Marc Doyle, president, DuPont Protection Technologies. “We wish those in the Sontara® business every success under Jacob Holm.”
“The combination of Sontara® and Jacob Holm will create a new industry innovation leader for spunlaced non-woven fabrics,” said Martin Mikkelsen, CEO, Jacob Holm Group. “This is an extraordinary day in the history of our Group and we look forward to welcoming all Sontara® employees to our company.”
As part of the acquisition, Jacob Holm will now operate Sontara® assets in Asturias, Spain, and Old Hickory, Tenn., employing 240 employees worldwide. Financial terms were not disclosed.
Jacob Holm is a leading company for spunlaced nonwoven fabrics. Founded in 1794, the company has production facilities in France and the United States and is headquartered in Switzerland. About 230 employees produce high-quality and innovative spunlaced nonwovens. The company’s products serve customers in the Home Care, Hygiene and Industrial markets. For additional information about Jacob Holm, please visit www.jacob-holm.com.
DuPont Protection Technologies is a leader in technologies and products that protect people, the environment and critical assets worldwide. For additional information, please visit DuPont Protection Technologies.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.
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