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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.
Glatfelter is a supplier of engineered materials for consumer and industrial applications. Co.'s segments are: Composite Fibers and Airlaid Materials. Co.'s Composite Fibers segment processes long fibers to create products in the following categories: food and beverage, wallcover, technical specialties, composite laminates, and metallized products. Co.'s Airlaid Materials segment is a supplier of absorbent and cellulose-based airlaid nonwoven materials, primarily used to manufacture consumer products, such as feminine hygiene and other hygiene products, specialty wipes, tabletop, home care, adult incontinence, and other consumer and industrial products.
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Hold (2.00 out of 4)