Recently, freudenberg proposed a wholly-owned acquisition of low & Bonar, a technology nonwoven manufacturer with businesses all over the world. The acquisition will further expand its technical expertise in the field of non-woven fabrics and open up new business areas.

It is understood that in the last financial year, low & Bonar had nearly 1900 employees, with global sales of about 350 million pounds (about 394 million euros). Among other things, the proposed acquisition is subject to the approval of the shareholders of low & Bonar and the approval of the antitrust authority. Low & Bonar is listed on the London Stock Exchange and is a FTSE all share index company.

This acquisition is to strengthen the technology in the field of non woven products. Dr Frank heislitz, chief executive officer of freudenberg high performance materials group, said: "as a pioneer in the field of spinning and adhesive production, freudenberg has been providing customers with solutions based on one-step production process since 1968. The low & Bonar two-step process solution will provide us with more flexibility, allowing us to customize more personalized solutions according to customer requirements. " In addition, the company will be able to provide customers with a wider range of products to meet the application needs of the construction, interior decoration, home textile and automobile industries. At the same time, if the acquisition is completed, freudenberg can further expand its global influence by taking advantage of low & Bonar's global layout.