Ontex announces that it has completed the divestment of its Algerian business to Hygianis SPA, its local distributor for more than 20 years. The transaction includes Ontex’s production facility and business in Algeria, as well as related exports to certain neighboring countries.

Ontex is proud to announce that it has secured a place in the top 10 of Belgian applicants at the European Patent Office (EPO) for the year 2023, for the second year in a row.

Ontex is delighted to announce the election of Paul Wood, President of Ontex North America, to the Board of Directors at INDA, the Association of the Nonwoven Fabrics Industry.

Ontex is proud to have been recognized by CDP for its climate actions in partnership with its suppliers, specifically aimed at reducing its scope 3 emissions.

Ontex Receives an A- Rating for transparency on climate action and performance on climate change from global environmental non-profit Carbon Disclosure Project (CDP)

Ontex announces that it has entered into a binding agreement to sell its business in Pakistan to ASAIA Holding FZ. The transaction includes Ontex’s plant and business in Pakistan.

Ontex announces that Peter Vanneste, Chief Financial Officer at Ontex, has decided to leave Ontex early October 2023, to pursue a career opportunity outside the Group. His successor will be announced in due time. In the interim the responsibilities of CFO will be assumed by Gustavo Calvo Paz, CEO.

Ontex and Hygianis announce agreement for sale of Algerian business

Ontex announces that it has reimbursed its €220 million euro term loan, with proceeds from its recently divested Mexican business activities. It also reached an agreement with the bank syndicate to extend its current revolving credit facility of up to €250 million, from June 2024 to December 2025.