) business unit - DuPont Protection Technologies - and Jacob Holm
& Sonner Holdings A/S (Jacob Holm) announced that the latter
has completed the takeover of the DuPont Sontara business. Sontara
is a strong, nonwoven textile sheet fabric created by DuPont. It
manufactures products used in a variety of medical and wipes
applications. The companies did not disclose the financial terms of
The combination of Jacob Holm and Sontara complements two strong
players and creates a new industry innovation leader for spunlaced
nonwoven fabrics. Their wide range of technological expertise will
result in higher innovation capabilities in product development and
offer promising business opportunities to the benefit of Jacob
Holm's customers and its employees. Jacob Holm will operate Sontara
assets in Asturias, Spain, and Old Hickory, TN, with a global
workforce of 240 people.
DuPont Protection Technologies aims at providing innovative
advanced material and offers a wide range of proven, science-based
solutions including some of the most trusted brands in the
industry. Jacob Holm is a leading company for spunlaced nonwoven
fabrics with production facilities in France and the U.S.
DuPont released its second-quarter 2014 results in July. The
company witnessed a rise in its reported profit for the quarter.
But its adjusted earnings fell year over year on weak results in
its core agriculture business.
DuPont currently has a Zacks Rank #3 (Hold).
Other companies in the chemical space with favorable Zacks Rank
include LyondellBasell Industries NV (
), Valhi Inc. (
) and Johnson Matthey plc. (
). All of these stocks hold a Zacks Rank #2 (Buy).
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