NetComposites
Advanced Engineering 2018

Low & Bonar Propose Acquisition of Colbond

28 July 2006

Low & Bonar, the specialist materials group, is intending to acquire Colbond Investments for €103.3 million.

Colbond is an international producer of composites for civil engineering, building and industrial applications, as well as synthetic non-woven textiles for flooring, automotive and construction applications and three-dimensional polymeric mats.

Low & Bonar has previously set out its strategy of focusing on both the flooring and the technical textiles markets where the Board believes the Group can grow organically and by acquisition and can also sustain strong margins.

Commenting on the announcement, Paul Forman, Group Chief Executive of Low & Bonar said: “We are delighted to be announcing this transaction. Colbond is an excellent business which will double Low & Bonar’s presence in the attractive technical textiles market. In addition, by adding complementary technologies and products, we believe that this acquisition further enhances the Group’s long-term growth potential”.

Duncan Clegg, Chairman of Low & Bonar, added: “The acquisition of Colbond represents a major step forward in our strategy of driving organic and acquisitive growth in our core markets. Low & Bonar is now firmly established as a major competitor in the technical textiles sector, and we look forward to building on that position”





Share this story


Related / You might like...

Cobra International Exhibits Product Range at CAMX 2018

Cobra International will showcase a range of composite products at CAMX 2018, including carbon fibre components for the automotive, transportation, marine, water sports and luxury sectors.

ACMA Shows Support for IMAGINE Act

The American Composites Manufacturers Association participated in a roundtable discussion about the IMAGINE Act. Known as the Innovative Materials in American Growth and Infrastructure, Newly Expanded (IMAGINE) Act, the new bill is designed to promote the increased use of innovative materials like fibre reinforced polymer (FRP) composites, as well as new manufacturing methods to accelerate the deployment and extend the life of infrastructure projects.

Relining Solution Restores Drinking Water Supply in Amsterdam

After the collapse of a drinking water pipeline in downtown Amsterdam, the Netherlands, Insituform was contracted to reline a close to 100 year old pipe underneath one of the canals. Water was restored successfully within five days, with minimal impact on traffic and the environment.