Schweitzer-Mauduit International, a product engineering and manufacturing company, completed the merger with Neenah, a manufacturer of papers and specialty products, in a $1.17bn deal. “The combination with Neenah is a continuation of our strategic intent to solve our customers’ most complex design challenges. We are excited by the numerous benefits of this merger, including the significantly broadened customer base, product lines and technical expertise. At the same time, combining the talented teams, cultures and well-run operations of Neenah and SWM will enhance our position as a world-class leader across our end-markets, poised to drive long-term growth and attractive returns. We look forward to working with the Neenah team to unlock the tremendous value of this compelling combination for all stakeholders,” Jeff Kramer, SWM CEO.