Pegas
The investment company R2G, Prague/Czech Republic which owns majority interest in the nonwovens producer Pegas Nonwovens a.s., Prague, and First Quality Enterprises, Inc., Great Neck, NY/USA, has announced that the 2 companies have entered into a definitive agreement under which R2G will acquire 100% of First Quality’s nonwovens operations in the USA and China. The transaction is expected to be completed early in Q3/2018.