Freudenberg to acquire Low & Bonar for £107m.

Freudenberg, a global technology and diversified group of companies, agreed to acquire Low & Bonar, a leading manufacturer of specialty textiles and polymers, for £107m. The proposed acquisition is subject to, among other things, Low & Bonar shareholder approval and approval by the antitrust authorities. Low & Bonar is listed on the London Stock Exchange and is an FTSE All-Share Index company. “With the acquisition, we would like to strengthen our performance materials business, and with Low & Bonar’s innovative technology we could further expand our technical know-how,” Mohsen Sohi, Freudenberg Group CEO.