Mölnlycke recently announced that it has acquired Danish wound care company M&J Airlaid Products. The financial details of the deal were not disclosed.
M&J manufactures specialized and high-quality, absorbent, air laid, nonwoven materials. The company reports that it has an annual revenue of 10 million Euros.
“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,” Richard Twomey, CEO of Mölnlycke, said in a press release.
As part of the acquisition, M&J and its employees will help improve the security of supply of air laid materials at Mölnlycke. The material is used in the production of advanced wound care dressings.
“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 new ownership structure,” Jens Ole Brøchner, CEO of M&J, said.