M&A Deal Summary

Schweitzer-Mauduit International Acquires Neenah

On March 28, 2022, Schweitzer-Mauduit International, Inc. acquired forest products company Neenah, Inc.

Acquisition Highlights
  • This is Schweitzer-Mauduit International’s 2nd transaction in the Forest Products sector.
  • This is Schweitzer-Mauduit International’s 5th transaction in the United States.
  • This is Schweitzer-Mauduit International’s 1st transaction in Georgia.

M&A Deal Summary

Date 2022-03-28
Target Neenah, Inc.
Sector Forest Products
Buyer(s) Schweitzer-Mauduit International, Inc.
Deal Type Merger
Advisor(s) Perella Weinberg Partners (Financial)
Bryan Cave Leighton Paisner LLP
Cravath, Swaine & Moore LLP (Legal)

Target

Neenah, Inc.

Alpharetta, Georgia, United States
website
Entrance to Neenah Paper's corporate headquarters in Alpharetta, Georgia.
Entrance to Neenah Paper's corporate headquarters in Alpharetta, Georgia.
Neenah is a specialty materials company specialized in performance substrates used for tapes, labels, and other products, and premium printing and packaging papers. Neenah is organized into two primary businesses: a specialty, performance-based, technical products business and a premium fine papers business. The Company's technical products business is an international producer of transportation and other filter media and durable, saturated, and coated substrates for industrial products backings and a variety of other end markets. Neenah's technical products manufacturing facilities are located in Munising, Michigan, near Munich and Frankfurt, Germany. Neenah's fine paper business is a supplier of premium writing, text and cover papers, bright papers, and specialty papers in North America. Neenah's premium writing, text, cover, and specialty papers are used in commercial printing and imaging applications for corporate identity packages, invitations, personal stationery, and corporate annual reports, as well as premium labels and luxury packaging. Neenah was founded in 2004 and is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

Schweitzer-Mauduit International, Inc.

Alpharetta, Georgia, United States

website


Category Company
Founded 1995
SectorForest Products
Employees3,600
Revenue 1.1B USD (2020)
DESCRIPTION

Schweitzer-Mauduit International is a diversified producer of premium specialty papers and the a supplier of fine papers to the tobacco industry. It also manufactures specialty papers for use in alkaline batteries, vacuum cleaner bags, overlay products, business forms and printing and packaging applications. Schweitzer-Mauduit and its subsidiaries conduct business in over 90 countries and employ 3,600 people worldwide, with operations in the United States, France, Brazil, Indonesia and Canada. Schweitzer-Mauduit International was founded in 1995 and is based in Alpharetta, Georgia


DEAL STATS #
Overall 7 of 7
Sector (Forest Products) 2 of 2
Type (Merger) 1 of 1
State (Georgia) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 Scapa Group plc

Ashton-Under-Lyne, United Kingdom

Scapa is a global supplier of bonding solutions and manufacturer of adhesive-based products for the Healthcare and Industrial markets. Scapa has a global footprint, with production sites in Asia, Europe, and the US. Company worldwide service and supply chain capabilities place us in an excellent position to partner with global customers. Scapa is focused on sustainable growth and innovation, improving the solutions for customers by applying our knowledge and expertise in advanced material technology and process solutions. Scapa was founded in 1927 and is based in Ashton-Under-Lyne, the United Kingdom.

Buy £403M