Navigation Links
PGI Signs Agreement to Acquire Spanish Nonwovens Business Tesalca-Texnovo
Date:11/2/2009

e hygiene, medical and industrial/agricultural segments.

"This acquisition will give us a larger platform for growth in this part of the world and will further our strategy to be the global hygiene leader," said Veronica (Ronee) Hagen, PGI's chief executive officer. "The Tesalca-Texnovo business is a good fit with our hygiene, medical and industrial businesses, and will allow us to leverage our global customer relationships and operational excellence."

"Through this transaction, the Tesalca-Texnovo businesses will grow under the ownership of a large, globally recognized premier nonwovens producer," Jose Durany, managing director of Tesalca-Texnovo and member of Grupo Corinpa S.L., said. "This will be a good union between companies with similar goals. We look forward to being long-term partners with PGI."

Jaime Carreras will become the general manager of the new PGI Spain upon closing of the transaction. He has been with Tesalca-Texnovo for over 20 years and has been general manager for Tesalca-Texnovo running daily operations since 2007.

The interests of Grupo Corinpa S.L. were represented by Jose Durany and Juan Pich-Aguilera Roca. Durany was responsible for starting the Tesalca hygiene business in 1999 and has provided senior leadership to the business since then. Durany will become special consultant to PGI to ensure a smooth transition of the acquisition and to provide on-going insight and leadership advice to the PGI board of directors regarding the European market.

The transaction is anticipated to be completed via a two-phase process. In Phase I, PGI will purchase the working capital and operations of the business of Tesalca-Texnovo in exchange for common stock equal to a 5.0 percent ownership stake in PGI. If certain criteria are met, Phase II of the transaction would include the purchase of the remaining assets of Tesalca-Texnovo in exchange for an additional 1.75 percent common stock owners
'/>"/>

SOURCE Polymer Group, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. Pot bellies linked to early signs of cardiovascular disease
2. MSU engineering team designs innovative medical device
3. Jump in Youth Suicide Prompts National Childrens Charity KidsPeace to Issue Tips on Prevention, Warning Signs
4. Thomson Scientific Signs Multi-Year Agreement with The Council for Scientific and Industrial Research (CSIR)
5. Gov. Blagojevich Signs Bill Improving Illinois Mental Illness Treatment Law
6. A new technology for cancer screening listens for the signs of cancer
7. ReBuilder Medical Technologies, Inc. Signs Agreement for Distribution in Maine
8. Pearson VUE Signs Exclusive Contract with Educational Resources, Inc.
9. Former Ronco President Tim Dupler Signs International Direct Sales and Marketing Contract with Natural Nutrition
10. KARL LAGERFELD SAS Signs Global Eyewear License Agreement With Marchon Eyewear, Inc.
11. MIT Holding, Inc. signs partnership agreement with Georgia Southern University
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/23/2014)... Grinnell Mutual seeks submissions from the public ... Working Together Making It Better will provide grants ... positively impacting their communities. , “So many people ... a better places,” said Grinnell Mutual ... “Their leadership—as coaches, as volunteers, as mentors—help to ...
(Date:9/23/2014)... 23, 2014 (HealthDay News) -- Few children ... undergo behavioral therapy, and the rates vary six-fold ... study finds. Medication alone can manage symptoms ... better if they also receive behavioral therapy (psychotherapy), ... analyzed data in more than 1,500 counties across ...
(Date:9/23/2014)... about an exercise DVD that adds short breaks of ... students found it had a high level of popularity ... for overly sedentary educational programs. , Called "Brain Breaks," ... Youth Program of the Linus Pauling Institute at Oregon ... leads children in 5-7 minute segments of physical activity, ...
(Date:9/23/2014)... benefits of preventing a reduction in the rates ... today by the American College of Physicians (ACP). ... Medicaid Primary Care Pay Parity Program: Unless Congress ... Care Will Expire," explains why it is critical ... pediatricians (and their related subspecialists), family physicians, and ...
(Date:9/23/2014)... BC (PRWEB) September 23, 2014 Vancouver ... will now be offering commercial electrical services in Vancouver, ... of operations; whether it is a small maintenance project ... personalize its solution package to meet the needs of ... that the services will be of an affordable price. ...
Breaking Medicine News(10 mins):Health News:Grinnell Mutual Invites Submissions for Innovative, Collaborative Local Projects in Its Second Annual Working Together Making It Better Promotion 2Health News:Kids Taking ADHD Drugs Get Little Psychotherapy: Study 2Health News:'Brain Breaks' increase activity, educational performance in elementary schools 2Health News:'Brain Breaks' increase activity, educational performance in elementary schools 3Health News:Unless Congress acts, patients may soon lose access to primary care 2Health News:Unless Congress acts, patients may soon lose access to primary care 3Health News:Pro Ace Now Offers Commercial Electrical Services in Vancouver 2
... in electronic health record ... project to benefit patients, ... document management software suite, announced that SSM,Health Care has experienced ... St. Louis, Missouri and offering services in four,states, SSM is ...
... (http://www.leViv.com ), the,only company focused exclusively on ... five innovative programs today. The new,programs include 28-days ... snacks,per day -- over 110 items in every ... professional advice,news, health information and more., "The ...
... MDS Inc. (TSX: MDS; NYSE:,MDZ), a leading provider ... markets, today announced that it has served Atomic ... proceedings. MDS will be,seeking an order to compel ... interim and long-term supply agreement (ILTSA) and if ...
... Breastfeeding.com adds to its unparalleled content on ... professional articles on child, health, from allergies ... walking., BOULDER, Colo., July 9 ... the New Mom, improves its already,unparalleled content ...
... medical equipment supplier, reminds its customers that as much as $250,000 ... filings. , ... Louisville, KY (PRWEB) July 9, 2008 ... Code Section 179, can strengthen buying power of new medical equipment ...
... In Tub is thicker, stronger, and warranted not to graze, chip ... ... -- After two years in development, The Kitchen Bath Store ( www.thekitchenbathstore.com ... Elite Walkin Tubs . This premier walk-in tub has a low 1-inch-high ...
Cached Medicine News:Health News:SSM Health Care Upgrades Patient Care With Speedy Document Management Implementation 2Health News:SSM Health Care Upgrades Patient Care With Speedy Document Management Implementation 3Health News:leViv Launches First Meal Programs Specifically Designed for Taste and Health 2Health News:leViv Launches First Meal Programs Specifically Designed for Taste and Health 3Health News:MDS Commences Arbitration against AECL over Cancelled MAPLE Project and Files $1.6 Billion Court Claim against AECL and the Government of Canada 2Health News:MDS Commences Arbitration against AECL over Cancelled MAPLE Project and Files $1.6 Billion Court Claim against AECL and the Government of Canada 3Health News:Breastfeeding.com Becomes a Premier Resource on Child Health 2Health News:Economic Stimulus Act Can Improve Medical Equipment Purchasing Power 2Health News:The Kitchen Bath Store Releases Newest Design in Walk-In Tubs 2Health News:The Kitchen Bath Store Releases Newest Design in Walk-In Tubs 3
(Date:9/23/2014)... , Sept. 23, 2014 ... of the "Physician Office Laboratory Markets, 3rd ... This report, Physician Office Laboratory Markets is ... the IVD industry. Physician office laboratories are diverse ... simply perform reimbursable, in-office pregnancy and glucose tests. ...
(Date:9/23/2014)... , Sept. 23, 2014 The Pennsylvania State ... Sat., Sept. 27, as part of National Prescription Drug ... questions asked. Take-Back Day is a national ... Administration (DEA), aimed at encouraging the public to dispose ... prone to abuse and theft. From 10 ...
(Date:9/23/2014)... 23, 2014 Research and Markets ... Vaccine Production Markets" report to their offering. ... and vaccines - including products to treat cancer, diabetes, ... challenges during the final stages of clinical drug testing ... to risk production capital to upscale while anticipating FDA ...
Breaking Medicine Technology:Physician Office Laboratory Markets, 3rd Edition 2Physician Office Laboratory Markets, 3rd Edition 3Biopharmaceutical and Vaccine Production Markets 2Biopharmaceutical and Vaccine Production Markets 3
... Top-line Data to be Released Concurrent with November 9 AHA Data ... ... (Nasdaq: VIAP ), a biotechnology company focused on the development of,compounds ... last patient visit in its Phase 2 acute coronary,syndrome (ACS) study, including ...
... and Efficacy of ORMD 0801, Oral Insulin Capsule, ... on Type 1 ... http://www.oramed.com ), a developer,of oral delivery systems, announced today that it has ... 1 diabetics at the,Hadassah University Medical Center in Jerusalem, Israel., Oramed,s ...
Cached Medicine Technology:VIA Pharmaceuticals Completes Patient Visits in Phase 2 Acute Coronary Syndrome (ACS) Trial 2VIA Pharmaceuticals Completes Patient Visits in Phase 2 Acute Coronary Syndrome (ACS) Trial 3VIA Pharmaceuticals Completes Patient Visits in Phase 2 Acute Coronary Syndrome (ACS) Trial 4Oramed Pharmaceuticals Commences Phase 2A Trials of its Oral Insulin Capsule on Type 1 Diabetics 2
The iEMS Incubator/Shaker is a high performance microplate incubator and orbital shaker. Its superior temperature control and efficient orbital shaking reduce incubation times. -...
... powder Moisture: 10% Ash: ... gm/cm 2 Gel pH (1.5%): 5.0 7.0 ... 80 95C A (430 nm, 1.5%): ... >= 25,000 Ohms EEO (-m r ): ...
... For the easy and economical generation ... The Hypoxia Incubator Chamber utilizes a surface-type ... are uniformly compressed by a stainless steel ... The cylindrical walls and semi-spherical top and ...
... range of miniTHERM incubators is available, ensuring ... solution for their specific requirements. miniTHERM incubators ... compact and extremely space saving. Their size ... It is possible to stack up to ...
Medicine Products: