Announced
Completed
Financials
Tags
Private
Cross Border
Spain
Acquisition
Friendly
Private Equity
Majority
Single Bidder
cardboard
release liners
paper
Paper
Completed
hygiene
composites
labels
graphic arts
sillicon coated paper
Diversified Materials
Synopsis
Neenah, a manufacture of specialty papers, completed the acquisition of Global Release Liners, the parent company of ITASA, a coater and converter of release liners, from Magnum Capital, a private equity firm, for €205m. "Neenah’s strategy is to drive long-term value creation by accelerating performance in our four targeted growth platforms. The acquisition of ITASA, with its advanced coating capabilities and strong market reputation for technical expertise, new product development and premium performance, provides us with an opportunity to meaningfully accelerate our presence in specialty coatings. The release liner market is a large, growing market and ITASA gives us a strong foundation to build upon, while complementing our organic initiatives with overlapping paths to market and customers," Julie Schertell, Neenah Chief Executive Officer.
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