May well ’21
Glatfelter, a US-based mostly world wide provider of engineered products, has introduced that it has finished the beforehand introduced acquisition of Georgia-Pacific’s US nonwovens business for $one hundred seventy five million, topic to customary invest in selling price changes. Georgia-Pacific is a major developer of tissue, pulp, packaging, making merchandise, and connected chemicals.
The transaction consists of Georgia-Pacific’s Mount Holly, North Carolina air-laid manufacturing procedure along with a nonwovens item enhancement procedure and related staff in Memphis, Tennessee, which collectively utilize around one hundred forty persons. The Mount Holly facility produces higher-good quality air-laid merchandise concentrated on wipes and table top products. The new item enhancement sources will improve ongoing innovation initiatives, Glatfelter claimed in a push release.
“Today’s announcement is a significant step ahead in Glatfelter’s ongoing transformation as we expand the US footprint of our air-laid products segment. We are energized to