Polymer Group, Inc. (OTC Bulletin Board: POLGA; POLGB) recently shared it has completed the initial phase of the previously announced acquisition of the
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With the closure of the sale, the company began operations of its new wholly owned subsidiary, PGI Spain, strengthening its position as the global leader in the hygiene market by giving it a new presence in the European market with state-of-the-art technology. "We are very pleased to have completed this phase of the transaction and to begin operations of our new PGI subsidiary," said Veronica (Ronee) Hagen, chief executive officer. "This acquisition furthers our strategy of being the global hygiene leader, and also strengthens our medical and industrial businesses in the region." The acquisition adds about 280 employees to PGI's global employee base of more than 3,000. It also expands its manufacturing capabilities with presence in
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