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Fiberweb Acquires Coroner Composites

London-based Fiberweb Plc - a manufacturer of high-performance, specialty nonwovens - has purchased the 50-percent interest of Germany-based Coroner Composites GmbH from its joint venture partner Germany-based Nordenia International AG for approximately 3.1 million euros. The acquisition is part of Fiberweb's plan to simplify the group and invest in businesses with potential for sustainable differentiation and growth prospects.

Coroner Composites manufactures nonwoven fabric and film composites made of used primarily to produce medical drapes. Its plant is located at Fiberweb's facility in Peine, Germany.

March 31, 2009

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