In conjunction with the acquisition, M&J and its employees will be an integral part of Mölnlycke, said a media statement by Mölnlycke.
M&J has annual revenue of €10 million. M&J’s airlaid technology is critical along with foams and soft silicone in Mölnlycke’s wound care products. The acquisition will improve Mölnlycke’s security of supply of the airlaid material that is essential in the production of advanced wound care dressings and will help grow the wound care business by accelerating innovation and product development in existing and future products.
“We are very happy to welcome M&J into the Mölnlycke family. Our relationship dates back several decades, and thus is a natural unification of forces. This is fully in line with where we want to be as a company, and M&J’s strong R&D capabilities combined with Mölnlycke’s end-product knowledge will help us further improve our competitive position within the advanced wound care industry,” said Richard Twomey, CEO of Mölnlycke.
“I welcome Mölnlycke, a long-time customer and partner of M&J, to care for our heritage. The operational and strategic synergies will allow for high-quality products brought to market even faster, and I look forward to continued success under the new ownership structure,” said Jens Ole Brøchner, CEO of M&J. (PC)
Fibre2Fashion News Desk – India