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Ontex Expands North American Presence with Acquisition of North Carolina Manufacturing Facility
Thursday 28 May 2020

Belgium-based Ontex Group NV (BSE: ONTEX), a manufacturer of disposable hygiene products, has purchased its first US production site, located in Rockingham, North Carolina, to produce and sell personal hygiene products in baby care, feminine care and adult care, the company said.

Terms of the transaction were not disclosed.

Ontext has entered into an agreement with Israel-based manufacturer Albaad Massuot Yitzhak Ltd. (TASE: ALBA) to acquire their feminine hygiene production assets in Rockingham County to accelerate presence in the US.

This acquisition strengthens Ontex's growing feminine hygiene business in North America, providing more robust supply capabilities and options for current and prospective customers.
Date Published: 28/05/2020