SWM and Neenah completed the merger in a $3bn deal.

SWM, a company which manufactures and sells fine papers to the tobacco industry, and Neenah, a global manufacturer of specialty materials, completed the merger in a $3bn deal. “I am extremely excited and proud to mark this important milestone in the journey of our two companies with the formation of Mativ. This merger is a unique opportunity to boldly reimagine our future as a stronger and faster-growing global enterprise. As we come together, we see significant near and long-term value creation opportunities to accelerate growth and amplify margins. With compelling strategic touch-points in key market categories, complementary geographies and technologies, increased global scale, and a passionate workforce with deep roots in material science, we are ideally suited to help solve our customer’s most critical challenges, which is the foundation of our cultural, commercial and financial success,” Julie Schertell, Mativ President and CEO.