Glatfelter completed the acquisition of Jacob Holm for $308m from Martin Mikkelsen.

Glatfelter, a supplier of engineered materials, completed the acquisition of Jacob Holm, a manufacturer of premium quality spunlace nonwoven fabrics, from Martin Mikkelsen, a private investor, for $308m. “The combination of Jacob Holm’s quality spunlace and advanced fiber products along with Glatfelter’s industry-leading airlaid and composite fibers products will provide a best-in-class suite of nonwovens technologies, applications, and expertise to serve customers’ growing global demand. By acquiring Jacob Holm, we will further diversify our nonwovens and substrate offerings and enhance our overall innovation capabilities,” Dante Parrini, Glatfelter CEO.