Evergreen Hill Enterprise completed the acquisition of the Engineered Papers business of Mativ for $620m.

Evergreen Hill Enterprise, a business conglomerate, completed the acquisition of the Engineered Papers business of Mativ, a provider of specialty materials, for $620m. "We are very pleased with the completion of the sale of Engineered Papers. They have a great team and strategy in place for a successful future. For Mativ, this is an important part of unlocking our strategy to become a leading manufacturer of specialty materials. As we head into 2024, over 80% of our revenue will be from our Advanced Technical Materials segment, where we have strong positions in large, growing, profitable markets," Julie Schertell, Mativ CEO.