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Polymer Group acquires majority stake in Brazilian producer of nonwovens

7:37 AM MDT | June 12, 2014 | Francinia Protti-Alvarez

Polymer Group (Charlotte, NC) has acquired a controlling interest in Companhia Providencia Industria e Comercio (São Jose Pinh, Brazil), a manufacturer of nonwovens used in personal hygiene, health-care, and industrial applications, Polymer Group announced. Providencia's position in Latin America will enable Polymer Group to serve an even broader range of customers in the Americas and worldwide, the company says. Financial details were not disclosed. Providencia will immediately begin operating under the Polymer Group brand name. "This acquisition...

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