Media: R2G makes record acquisition for Czech investor in US

The company R2G has made what appears to be a record acquisition for a Czech investor in the United States, iHned.cz reported. R2G has bought First Quality Nonwovens from the group First Quality Enterprises, which has factories in the US and China and supplies fabrics for hygiene products, at a cost of an estimated USD 500,000, the equivalent of almost CZK 11 billion.

R2G plans to merge First Quality Nonwovens with the Czech-based Pegas Nonwovens, which it acquired recently, to create PFNonwovens, iHned.cz reported.

Author: Ian Willoughby