From: Colbond bv, P.O. Box 9600, 6800 TC Arnhem, the Netherlands
Bonar Technical Fabrics NV, Industriestraat 39, 9240 Zele, Belgium
Contact: Hannah Huebner, Manager Communications Colbond
hannah.huebner[at]colbond.com, T: +31 85 744 1334
For immediate release:
COLBOND & BONAR TECHNICAL FABRICS TO MERGE UNDER
PARENT COMPANY’S DRIVE FOR GLOBAL GROWTH
Arnhem, the Netherlands (April 4, 2012) – Colbond and Bonar Technical Fabrics announced
today that the two companies will merge under organizational changes being introduced by
their parent company Low & Bonar Plc, a multinational group of high performance technical
textile producers. The changes are aimed at accelerating growth and putting the Group on a
clear path to globalization.
The portfolios of Colbond and Bonar Technical Fabrics are complementary. The merger will
create an organization that has the scope and scale necessary for further sustainable global
growth. Orwig Speltdoorn, a member of the Executive Management Team of Low & Bonar for
many years and Managing Director of Bonar Technical Fabrics will lead the integration. He will
be supported by Bart Austin, a long-standing member of Colbond’s Management Team. Jan
van Boldrik, who has served as CEO of Colbond for 15 years has been appointed as
Managing Director of Low & Bonar’s Coated Fabrics Division Mehler Texnologies.
Steve Good, Group Chief Executive, Low & Bonar Plc, commented: “These changes are
designed to enhance our global reach, accelerate growth, and balance our great operational
strengths with a strategic, longer-term market focus. The merger of Bonar Technical Fabrics
and Colbond will create a strong platform for further top-line growth and an even wider
technology portfolio for our customers.”
A Low & Bonar Company
The changes are effective immediately.
Colbond is a leading producer and supplier of high-quality synthetic nonwovens for flooring,
automotive and construction applications and of three-dimensional polymeric mats and
composites for civil engineering, building and industrial applications.
The company’s production facilities are based in Emmen and Arnhem (NL), Obernburg (D),
and Asheville (NC, USA). Regional sales offices are located throughout the world. For product
and application development, the company maintains a Development and Application Centre
at the Arnhem head office and a Development Laboratory in Asheville.
The Bonar Technical Fabrics Group is a market leader in the production and supply of woven
fabrics, nonwovens and fibers for civil engineering, agriculture and industrial applications as
well as the construction industry.
The Group operates manufacturing plants and offices in Zele and Lokeren (Belgium), Hull
(UK), Tiszaújváros (Hungary) and Yizheng (China). A facility in the Middle East will become
operational in 2012.
Colbond and Bonar Technical Fabrics are subsidiaries of Low & Bonar – a group of producers
and suppliers of performance technical textiles operating worldwide. Listed on the London
Stock Exchange, Low & Bonar employs more than 2,000 people worldwide.
A Low & Bonar Company