M&A Deal Summary

Mativ Holdings Acquires Scapa

On January 27, 2021, Mativ Holdings acquired chemicals company Scapa for 403M GBP

Acquisition Highlights
  • This is Mativ Holdings’ 2nd transaction in the Chemicals sector.
  • This is Mativ Holdings’ largest (disclosed) transaction.
  • This is Mativ Holdings’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-01-27
Target Scapa
Sector Chemicals
Buyer(s) Mativ Holdings
Deal Type Add-on Acquisition
Deal Value 403M GBP
Advisor(s) Jefferies (Financial)
DLA Piper (Legal)

Target

Scapa

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.

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Buyer(S) 1

Buyer

Mativ Holdings

Alpharetta, Georgia, United States

Category Company
Founded 1995
Sector Forest Products
Employees5,400
Revenue 2.0B USD (2023)
DESCRIPTION

Mativ Holdings 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. Mativ Holdings was founded in 1995 and is based in Alpharetta, Georgia


DEAL STATS #
Overall 6 of 7
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 4 of 4
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Tekra

New Berlin, Wisconsin, United States

Tekra Corp. is a manufacturer of high performance coated polymer films and a distributor to the industrial graphics market in North America. The company's line card includes chemical and scratch-resistant films, print receptive films, DuPont Teijin Polyester, 3M Adhesives and Tapes, Sabic Innovative Plastics Lexan Films and various polymer and tape products. It offers best in class products and tremendous expertise and technical support for the industrial, medical and optoelectrical markets. Tekra was formed in 1936 and is based in New Berlin, Wisconsin.

Buy $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Neenah

Alpharetta, Georgia, United States

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.

Buy -