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Slide #55. Glatfelter — Dresden Papier GmbH
Dresden Papier GmbH
Glatfelter (NYSE:GLT) announced today that it completed the previously announced acquisition of Dresden Papier GmbH from Fortress Paper Ltd. (TSE: FTP) for 160 million (U.S. $210 million) subject to a post-closing working capital adjustment.
P. H. Glatfelter is a global supplier of engineered materials for consumer and industrial applications. Co. manages its business in the following business segments: Composite Fibers, which serves customers globally and focuses on products in the following markets, Food and Beverage, Wallcover, Technical Specialties, Metallized products, and Composite Laminates; and Airlaid Materials, which is a global supplier of absorbent cellulose-based airlaid nonwoven materials primarily used to manufacture consumer products, and the markets served by Airlaid Materials, including feminine hygiene, specialty wipes, table top, adult incontinence, home care, and other consumer products.
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