AALST-EREMBODEGEM, Belgium, May 27, 2020-

Ontex Group NV (“Ontex”) today announced plans for a new personal hygiene manufacturing plant in Rockingham County, North Carolina. The new facility is scheduled for first production in mid-2021. Ontex also announced that it has entered into an agreement with Albaad Massuot Yitzhak Ltd. (TASE: ALBA) to acquire their feminine hygiene production assets in Rockingham County.   

“Following the previously-announced decision to invest in manufacturing in the eastern part of the country to complement shipments from abroad, we are proud to announce the forthcoming opening of Ontex’ first U.S. production site as well as the acquisition of feminine hygiene production assets,” Ontex CEO Charles Bouaziz said. “With these meaningful steps we accelerate the execution of our strategic priority to increase our U.S. presence.” 

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