Polymer Group, Inc. (OTCBB: POLGA)(PGI) has completed a transaction to purchase the 40% minority stake in Dominican Nonwovens Sudamericana, S.A. (PGI ARGENTINA) from their partner, Guillermo E. Kraves. PGI Argentina has been operating as a joint venture since 1997. The company began operations and the installation of a multi-beam spunmelt line serving the hygiene and industrial markets of the Mercosur region and added an extrusion line in 2003 to increase the fully integrated production capabilities.
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About Polymer Group, Inc.
Polymer Group, Inc., one of the world's leading producers of nonwovens, is a global, technology-driven developer, producer and marketer of engineered materials. With the broadest range of process technologies in the nonwovens industry, PGI is a global supplier to leading consumer and industrial product manufacturers. The company operates 14 manufacturing and converting facilities in 8 countries throughout the world.
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