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Nonwovens / Technical Textiles

Zimmer Acquires Fleissner

Frankfurt-based Zimmer AG recently announced its acquisition of Fleissner GmbHandCo., Germany. Pending regulatory approval, the transaction will be retroactive to January 1, 2003.Zimmer, best known as an engineering and contracting company that designs and builds polymer and man-made fiber production plants, said the acquisition is a strategic move to secure its market position in the staple-fiber plant contracting business. In addition, Zimmer said the acquisition will allow it to expand activities in the fast-growing nonwovens sector because Fleissner is one of the leading manufacturers of high-performance nonwovens machinery. Fleissner will retain its name after the acquisition.

September 2003