M&A Deal Summary

Glatfelter Acquires Georgia-Pacific - Nonwovens Business

On January 6, 2021, Glatfelter acquired forest products company Georgia-Pacific - Nonwovens Business from Georgia-Pacific for 175M USD

Acquisition Highlights
  • This is Glatfelter’s 6th transaction in the Forest Products sector.
  • This is Glatfelter’s 5th largest (disclosed) transaction.
  • This is Glatfelter’s 2nd transaction in the United States.
  • This is Glatfelter’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-01-06
Target Georgia-Pacific - Nonwovens Business
Sector Forest Products
Buyer(s) Glatfelter
Sellers(s) Georgia-Pacific
Deal Type Divestiture
Deal Value 175M USD

Target

Georgia-Pacific - Nonwovens Business

Mt. Holly, North Carolina, United States
Georgia-Pacific's Nonwovens Business comprises an air-laid manufacturing business and an R&D pilot line for nonwovens product development in Memphis, Tennessee, which collectively employ approximately 150 people. The Mount Holly facility has a capacity of 37,000 metric tons and produces high-quality airlaid products focused on wipes and tabletop materials. The R&D pilot line and additional technical resources will enhance ongoing innovation efforts.

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Buyer(S) 1

Buyer

Glatfelter

Charlotte, North Carolina, United States
Category Company
Founded 1864
Sector Forest Products
Employees2,916
Revenue 1.4B USD (2023)
DESCRIPTION

Glatfelter is a provider of specialty papers and fiber-based engineered materials. Glatfelter was founded in 1864 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 7 of 8
Sector (Forest Products) 6 of 6
Type (Divestiture) 5 of 5
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Pixelle Specialty Solutions

Spring Grove, Pennsylvania, United States

Pixelle Specialty Solutions is a provider of specialty papers and engineered materials, offering innovation, world-class service and over a century and a half of technical expertise. Pixelle Specialty Solutions was founded in 2018 and is based in Spring Grove, Pennsylvania.

Sell $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Jacob Holm

Basel, Switzerland

Jacob Holm is a manufacturer of premium quality spun lace nonwoven fabrics for critical cleaning, high-performance materials, personal care, hygiene, and medical applications. Jacob Holm was founded in 1794 and is based in Basel, Switzerland.

Buy $308M

Seller(S) 1

SELLER

Georgia-Pacific

Atlanta, Georgia, United States
Category Company
Founded 1927
Sector Forest Products
DESCRIPTION
Georgia-Pacific's corporate headquarters in downtown Atlanta, Georgia.
Georgia-Pacific's corporate headquarters in downtown Atlanta, Georgia.

Georgia-Pacific is a manufacturer of tissue, pulp, paper, packaging, building products and related chemicals.

DEAL STATS #
Overall 10 of 13
Sector (Forest Products) 4 of 6
Type (Divestiture) 10 of 13
State (North Carolina) 1 of 2
Country (United States) 8 of 11
Year (2021) 1 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Georgia-Pacific Steinfurt

Steinfurt, Germany

Georgia-Pacific Steinfurt GmbH is a producer of an airlaid nonwoven material for commercial customers used to make table top, wiping, food pads, hygiene and related products. Georgia-Pacific Steinfurt is based in Steinfurt, Germany.

Sell $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Georgia-Pacific - Four US Sawmills

Atlanta, Georgia, United States

The Sawmill Operations have a combined annual lumber production capacity of 720 million board feet. The Bay Springs, Fayette, and Philomath sawmills are currently operating on a full-shifting basis.

Sell $375M
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