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Monday 2 November 2009

PGI acquires spunbond producer Tesalca-Texnovo

Charlotte, NC - Polymer Group, Inc. today announced it has signed an agreement to acquire the Barcelona, based Tesalca-Texnovo nonwovens businesses from Grupo Corinpa, S.L. in a two-phase process. The purchase is expected to close by the end of November, subject to customary closing conditions.

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