Dec 22 2014
Johns Manville (JM) and Preiss-Daimler (PD) announced today that a Preiss-Daimler group company will acquire Johns Manville’s Glass Textiles business in Sweden. The business is a leading supplier of superior glass wallcoverings in the European markets, including woven as well as nonwoven products.
“This high-quality business fits perfectly with our growth strategy and we look forward to welcoming the JM Glass Textiles team to the Preiss-Daimler family,” said Jürgen Preiss-Daimler, founder and owner of Preiss-Daimler. “Customers can expect continued stable supply from Sweden with innovative products, strong brands and sales and marketing support in the different markets.”
Enno Henze, Senior Vice President of JM’s Engineered Products business, said the Glass Textiles business and its employees have made significant contributions to JM over the years.
“We are confident our employees, customers and suppliers can look forward to an excellent future with the Preiss-Daimler group,” Henze said.
The acquisition is expected to close on Dec. 31, 2014. Terms of the agreement were not released.
Source: http://www.jm.com/