P. H. Glatfelter Company Announces Corporate Name Change

Rhea-AI Summary

P. H. Glatfelter Company (NYSE: GLT) has officially changed its name to Glatfelter Corporation, reflecting its transformation into a leading global engineered materials provider. The company has also completed the construction of its new corporate headquarters in Charlotte, North Carolina. This strategic rebranding aims to strengthen its market position and growth objectives. The new headquarters will be at 4350 Congress Street, Suite 600, Charlotte, NC, effective immediately. Trading under the new name is anticipated to begin on October 6, 2020.

Positive

• Name change to Glatfelter Corporation signifies brand evolution.
• Completion of new headquarters in Charlotte enhances corporate presence.

Negative

• None.

~ Construction Completed on Previously Announced New Corporate Headquarters in Charlotte, North Carolina ~

CHARLOTTE, N.C., Oct. 01, 2020 (GLOBE NEWSWIRE) -- P. H. Glatfelter Company (NYSE: GLT), a leading global supplier of engineered materials, announced today it is changing the name of its parent company to Glatfelter Corporation. In addition, the Company completed the construction of its previously announced new Corporate Headquarters in Charlotte, North Carolina.

“Given the progress the Company is making with our transformation, we believe now is an appropriate time to further shape the Company’s brand as a leading global engineered materials business,” said Dante C. Parrini, Chairman and Chief Executive Officer. “While we will always be grateful to our founders and proud of our heritage when operating as the P. H. Glatfelter Company, today’s announcement is part of the continued actions we are taking toward building the New Glatfelter and further repositioning the Company to deliver on our growth aspirations.”

The Company will continue to use “Glatfelter” in everyday business relations and informal communications and will maintain its existing stock symbol on the New York Stock Exchange (NYSE: GLT). Coinciding with these changes, the address of the Corporate Headquarters will also change to reflect the new Charlotte location: 4350 Congress Street, Suite 600, Charlotte, NC, 28209 U.S.A. The Company’s new name and headquarters address are effective immediately. The Company anticipates trading under its new name and CUSIP on the NYSE on October 6, 2020.

About Glatfelter

Glatfelter is a leading global supplier of engineered materials. The Company’s high-quality, innovative and customizable solutions are found in tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications. Headquartered in Charlotte, NC, the Company’s annualized net sales approximate $925 million with customers in over 100 countries and approximately 2,500 employees worldwide. Operations include eleven manufacturing facilities located in the United States, Canada, Germany, France, the United Kingdom and the Philippines. Additional information about Glatfelter may be found at www.glatfelter.com.

Contacts:
Investors:	Media:
Ramesh Shettigar	Eileen L. Beck
(717) 225-2746	(717) 225-2793
ramesh.shettigar@glatfelter.com	eileen.beck@glatfelter.com

FAQ

What is the new name of P. H. Glatfelter Company?

P. H. Glatfelter Company is now named Glatfelter Corporation.

Where is Glatfelter's new corporate headquarters located?

Glatfelter's new corporate headquarters is located at 4350 Congress Street, Suite 600, Charlotte, NC.

When will Glatfelter start trading under its new name?

Glatfelter is expected to start trading under its new name on October 6, 2020.

What is the stock symbol for Glatfelter Corporation?

The stock symbol remains GLT on the New York Stock Exchange.

What industry does Glatfelter Corporation operate in?

Glatfelter Corporation is a leading global supplier of engineered materials.