Coming to the rescue of Holvis. (BBA's acquisition of Holvis)

A hostile takeover bid for Holvis of Basel, Switzerland, was launched by International Paper of the US in April 1995. Holvis comprised a now-woven textiles division, Fiberweb and a paper distribution group, Muhleback. However the offer was rejected and BBA, an industrial group, expressed its interest in Fiberweb, and eventually achieved its goal of acquiring the company, along with Muhlebach, which it eventually sold to Arjo Wiggins Appleton.