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New Deal


Announced

Glatfelter to merge with the Health, Hygiene and Specialties business of Berry Global in a $3.6bn deal.

Synopsis

Glatfelter, a global manufacturer of engineered materials, agreed to merge with the Health, Hygiene and Specialties business of Berry Global, a global manufacturer and marketer of plastic packaging products, in a $3.6bn deal. "The uniting of our organizations creates a premier nonwovens supplier and a global leader in specialty materials, with the talent, technologies, scale, and footprint to deliver commercial and operational excellence, and a wide range of solutions for our customers. Our combined company is scaled to accelerate innovation and leverage our intellectual property over a large worldwide commercial platform and is well positioned to deliver substantial shareholder value," Thomas Fahnemann, Glatfelter President and CEO.

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