PGI Acquires Spanish Nonwovens Business of Tesalca-Texnovo
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With the closure of the sale, the company began operations of its new wholly owned subsidiary, PGI Spain, strengthening its position in the hygiene market by giving it a new presence in the European market. The acquisition adds about 280 employees to PGI's global employee base of more than 3,000. It also expands its manufacturing capabilities with presence in Tarragona, Spain, consisting of six spunlaid lines serving the hygiene, medical, and industrial/agricultural segments. The additional capacity brings PGI's global spunlaid capacity to more than 285,000 metric tpy.
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