IHS Chemical Week

Regions :: North America

Polymer Group Buys Remaining Stake in Argentine JV

1:09 PM MDT | October 30, 2009 | Vincent Valk

Polymer Group (Charlotte, NC) has purchased the remaining 40% stake in Dominion Nonwovens Sudamericana, S.A. (PGI Argentina; Buenos Aires) from its partner, Guillermo E. Kraves, the company announced today. PGI Argentina is now fully owned by Polymer Group. Terms of the deal were not disclosed. "This investment is a signal of our confidence in the future of our operations in Latin America and the strategic significance of the operations in Argentina," says Polymer Group CEO, Veronica Hagen. "We have successfully positioned ourselves with supply in...

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