Printer Friendly

Jacob Holm to remain independent.

After months of looking for a potential buyer, roll goods producer Jacob Holm Industries, Soultz, France, is no longer for sale. Parent company Jacob Holm & Sons, Copenhagen, Denmark, decided last month to keep the company and continue to operate it as a subsidiary of the Jacob Holm & Sons holding company. According to Paul Plougmann, president and chief executive officer of Jacob Holm & Sons, "We have seen strong interest in our acquisition distribution layer (ADL) technology and we believe the market is underestimated at the moment. I advised the board that we should no longer look for a sale,' he said. "The potential is there and we have the sophisticated production line to supply this market segment."

As a result of the decision, no major changes are expected at the company, although a new general manager, Mimoum Saim, was appointed. Mr. Saim was formerly technical director. ADL applications will remain the primary focus, although other areas such as coverstock and topsheet applications are also possible.

Roll goods producer Jacob Holm was originally formed in 1995 after its joint venture with German roll goods manufacturer Corovin GmbH was dissolved.
COPYRIGHT 1998 Rodman Publications, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Jacob Holm Industries
Publication:Nonwovens Industry
Article Type:Brief Article
Date:May 1, 1998
Words:187
Previous Article:Quietly becoming a contender.
Next Article:BASF signs letter of intent to acquire Clariant superabsorbents.
Topics:


Related Articles
Hercules finalizes purchase of Jacob Holm's share of FiberVisions.
Jacob Holm to add spunlacing.
Jacob Holm Acquires Norafin.
Jacob Holm Launches New Capacity.
Norafin Changes Name.
Jacob Holm launches products. (Nonwovens News).
Jacob Holm expands to North America.
Jacob Holm to separate STA division: new company merges with knitted technology specialist, will aim to become a leader in industrial textiles.
Jacob Holm sells technical division.
Twenty nine Jacob Holm.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters