Global Infrastructure SherpaNeenah, Inc. Completes Acquisition of Schweitzer-Mauduit International, Inc.
Neenah, Inc. completed its acquisition of Schweitzer-Mauduit International, Inc. The combined company will operate under the name Mativ Holdings, Inc.
Source Intelligence
Neenah shareholders received 1,358 shares of SWM common stock for each share of Neenah common stock owned. SWM’s shareholders will continue to hold their shares of SWM common stock. All SWM shares are now shares of Mativ common stock. Quote: Pursuant to the merger agreement, Neenah shareholders received 1,358 shares of SWM common stock for each share of Neenah common stock owned. SWM’s shareholders will continue to hold their shares of SWM common stock. All SWM shares are now shares of Mativ common stock. Deal is expected to create $65 million in cost synergies. Quote: delivering the $65 million, or more, of deal-enabled cost synergies
"The merger of equals between Schweitzer-Mauduit International, Inc. (SWM) and Neenah has now been completed to create a new $3 billion turnover nonwovens-based operation which is being named Mativ."
"The merger of equals between Schweitzer-Mauduit International, Inc. (SWM) and Neenah has now been completed to create a new $3 billion turnover nonwovens-based operation which is being named Mativ."