Neenah completed the acquisition of Global Release Liners from Magnum Capital for €205m.

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.