04 September 2019
Acquisition of the geotextiles division from Low & Bonar
The purchase of this Needle-Punched Non-Wovens ("NPNW") business covers both Low & Bonar Hungary kft (Hungary) and Low & Bonar NV (Belgium).
The transfer includes the brand names Bontec and Tipptex, geosynthetics which offer a large range of woven and nonwoven geotextiles produced from raw materials including polypropylene and polyethylene. These products are widely used in civil engineering for separation, filtration, reinforcement, drainage and protection. The European market leader in geotextiles will continue under the name Bontexgeo and offers employment to some 200 persons.