Fiberweb to sell Hygiene business

Fiberweb, an international industrial fabrics producer, saw its share price leap 24% after saying that it plans to sell the majority of its Hygiene business, which would allow the firm to repay all of its existing debt.

Fiberweb, an international industrial fabrics producer, saw its share price leap 24% after saying that it plans to sell the majority of its Hygiene business, which would allow the firm to repay all of its existing debt.

The remaining more focused Industrial business will employ a much strengthened balance sheet to accelerate its development towards its target of becoming a leader in attractive segments of the growing markets for technical fabrics and geosynthetics.

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