Neenah terminated acquisition of Vectorply from MSouth Equity Partners for $155m.

Neenah, a manufacturer of premium writing, text, cover, speciality and private watermark papers, terminated the acquisition of Vectorply, a developer, manufacturer and distributor of composite reinforcement fabrics, from MSouth Equity Partners for $155m. "Regarding our ongoing business during this challenging time, the health and safety of our employees are paramount and we've taken actions across our company to protect them, while also carefully managing costs, capital expenditures and working capital. We exited 2019 with a conservative leverage position and our liquidity today is strong. Our primary near-term focus is the health and welfare of our employees and business, and we feel confident in our ability to weather the current crisis," John O'Donnell, Neenah Chief Executive Officer.