ALLIMAND INTERWEB
THE ALLIMAND GROUP OFFICIALLY GETS A FOOTHOLD IN THE USA, THANKS TO THE STRATEGIC MERGER AND ACQUISITION OF GLENS FALLS INTERWEB – GFI
A few months ago, the project to acquire a company based in the United States matured…
It’s done! The ALLIMAND Group, a designer and manufacturer of paper and nonwoven machines, has just officially signed the acquisition of GLENS FALLS INTERWEB (GFI), a recognized leader in nonwoven products in the United States. Thanks to its financial base and expertise in the design and building of non-woven paper machines and highly technical processes, the ALLIMAND Group thus consolidates, with the takeover of GFI, its positioning on all nonwoven products on the five continents.
A Strategic Technological Acquisition
“The acquisition of GFI, a company well-known and recognized in the United States as a specialist in high-tech nonwoven products (1), is a development opportunity for ALLIMAND, enabling us to strengthen our technology and know-how on fiberglass or carbon and ceramic veil machines, and therefore reach new customers,” says Franck RETTMEYER, Chairman & CEO of the ALLIMAND Group. This merger is part of the continuity of an order for a nonwoven machine in the United States, delivered in 2016 for a large international group, leader in its market.
A refocusing of activities on nonwoven machines initiated since 2008
2008, marked by the financial crisis, the irreversible development of @ media and communication, the planned slowdown in investment in China and Asia, reinforced the ALLIMAND Group’s decision to refocus on highly value-added paper. In 2010, the investment of a nonwoven pilot machine in the United States enabled ALLIMAND to sign major contracts and complete its portfolio with orders for nonwoven long-fiber machines installed worldwide (Germany, France, Spain, England, United States, China).
The conquest of a new market: the North American continent
Less than 10 miles are currently separating the ALLIMAND Group nonwoven pilot machine from the company GFI INTERWEB, located on the outskirts of the city of Albany, New York State. “This synergy will allow us to conquer new customers and increase the representation of the range of ALLIMAND machines in North America and in Canada,” continues Franck RETTMEYER.
More information: www.allimand.com / www.gfinterweb.com
(1) Non-woven high-tech products: fiberglass materials and sails, carbon fiber webs, ceramic fiber materials, nonwoven synthetic fibers enrich the existing range of ALLIMAND nonwoven products, namely: Liquid filtration (tea bag, coffee pods), car filtration (air, fuel, oil), wipes and hygiene, specialties (overlay, wallpaper, battery separators, high porosity Plug Wrap … etc).