He Wants To Buy Textile Manufacturers.
Codbo recently offered a full offer to Low & Bonar in London, England. Low & Bonar is a manufacturer of technical textiles all over the world. Codbo will further expand its technical expertise in the field of non-woven fabrics and open up new business areas through the acquisition.
It is understood that in the last fiscal year, Low & Bonar has nearly 1900 employees, with sales of around 350 million pounds (about 394 million euros) worldwide. Among other things, the proposed acquisition must be approved by Low & Bonar shareholders and approved by the antitrust agency. Low & Bonar is listed on the London Stock Exchange and is a FTSE full index company.
Codbo's acquisition is aimed at strengthening technology in the field of non-woven fabrics. "As a pioneer in the field of spun adhesive production, Frank has provided customers with a one-step process based solution since 1968," said Dr. Heislitz, chief executive of the high performance materials group. The two step process solution of Low & Bonar will provide us with greater flexibility so that we can customize more personalized solutions according to customer requirements. In addition, Codbo will be able to provide customers with a wider range of products to meet the needs of building, building interior, home textiles and automotive industry. At the same time, if the acquisition is completed, he can further expand the global impact by borrowing the global layout of Low & Bonar.
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