London-based holding company BBA Group plc has spun off its Fiberweb nonwovens manufacturing unit
into a separate public company. The spin-off comes as the final step in BBA’s process of separating
Fiberweb from its Aviation Services business.
“This demerger will allow us to sharpen our focus on our ongoing turnaround program and on
building the leading market positions that Fiberweb enjoys today,” said Daniel Dayan, CEO, Fiberweb
plc.
Fiberweb’s new management team includes Dayan; Malcolm Coster, non-executive chairman; Simon
Bowles, CFO; and Richard Stillwell, Peter Hickman and Brian Taylorson, non-executive directors.
Fiberweb currently has two divisions that operate nine production sites. In the United
States, the Industrial Division is located in Old Hickory, Tenn., and the Hygiene/Medical Americas
Division — which recently completed the upgrade of its spunlace line at its Bethune, S.C., facility
— is based in Simpsonville, S.C.
In other news, Fiberweb recently announced it has entered into an agreement with
Cincinnati-based Procter & Gamble (P&G) for the supply of around 25,000 metric tons of
spunbond nonwoven products for P&G consumer goods applications.
January/February 2007
