Pegas
part of global nonwovens holding

19.06.2018 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.

Pegas
© Picture: Pegas
Pegas

Pegas, with operations in Europe and Africa, will continue to supply nonwovens to First Quality’s US absorbent hygiene division which manufactures premium infant care, adult incontinence, and feminine hygiene products for the retail and health care markets. This strategic acquisition will expand R2G’s presence into North America and Asia.
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