Mölnlycke acquires M&J Airlaid Products A/S to further strengthening its wound care capabilities
Mölnlycke, a world-leading medical products and solutions company, is pleased to announce its acquisition of M&J Airlaid Products A/S (“M&J”).
M&J is a Danish private company and manufacturer of specialized and high-quality absorbent airlaid nonwoven materials. M&J’s airlaid technology is critical along with foams and soft silicone in Mölnlycke’s wound care products. M&J's annual revenue for 2017 was EUR 10 million. The acquisition supports Mölnlycke’s growth ambitions and adds critical R&D capabilities to an already strong product pipeline and increasingly differentiated portfolio.
In conjunction with the acquisition, M&J and its employees will be an integral part of Mölnlycke. 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. The parties have agreed to keep the purchase price confidential.
Richard Twomey, CEO of Mölnlycke, comments:
‘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.’
Jens Ole Brøchner, CEO of M&J, comments:
‘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.’
For more information, please contact:
Jenny Johansson, Global Manager Corporate Communications
+46 (0) 739 412923
Notes for the editors:
Mölnlycke is a world leading medical solutions company. We develop and bring to market innovative wound care and surgical solutions along the entire continuum of care – from prevention to post-acute settings. Our solutions provide value for money, supported by clinical and health economic evidence.
Mölnlycke was founded in 1849. Nowadays, our solutions are available in around 100 countries; we are the number one global provider of advanced wound care and single-use surgical products; and we are Europe’s largest provider of customized trays. Our headquarters are in Gothenburg, Sweden and we have about 7,800 employees around the world. Learn more at molnlycke.com.