Announced
Completed
Financials
Tags
Friendly
nonwovens product development
Majority
Domestic
airlaid products
United States
Miscellaneous Consumer Staple Goods
Acquisition
Disposal
Single Bidder
Private
Completed
Synopsis
Glatfelter, a global supplier of engineered materials, completed the acquisition of the US nonwovens business of Georgia-Pacific, an American pulp and paper company based in Atlanta, Georgia, for $175m. "By leveraging these assets and employee talents, we are confident the synergies from this acquisition will attractively position us to capture and service long-term demand for health and hygiene products. We believe today’s announcement further reinforces our ongoing commitment to make meaningful investments that add scale to the business and enhance Glatfelter’s value in the markets we serve,” Dante C. Parrini, Glatfelter Chairman & CEO.
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