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Headquartered in York, Pennsylvania, Glatfelter Corporation (NYSE: GLT) is a global leader in the manufacturing of specialty papers and engineered products. With over 150 years of experience, Glatfelter provides innovative, high-quality solutions that drive value for customers worldwide. The company operates through three primary segments: Composite Fibers, Spunlace, and Airlaid Materials.
Glatfelter’s Composite Fibers segment offers a diverse range of products including food and beverage filtration papers, wallcover base materials, and composite laminates. The Spunlace segment produces nonwoven fabrics used in critical cleaning, medical, and hygiene applications. The company’s Airlaid Materials segment, which generates the majority of its revenue, supplies cellulose-based airlaid nonwoven materials used in consumer products like feminine hygiene items, specialty wipes, and home care products.
The company boasts a strong global presence, with facilities in the United States, Germany, France, the UK, Canada, and several other countries. This extensive network supports Glatfelter’s commitment to delivering world-class service and technical expertise to over 4,400 employees worldwide.
Recently, Glatfelter has been executing a Turnaround Strategy to enhance operational and financial performance. This strategy has led to improved EBITDA margins and stronger production across its segments. Despite challenging market conditions, especially in Europe, the company continues to focus on cost management and innovation to drive growth and productivity.
Additionally, Glatfelter has reinforced its environmental responsibility through sustainable practices across its operations. The company’s dedication to environmental stewardship is evident in its approach to manufacturing and product development.
In a significant development, Glatfelter announced a strategic merger with Berry Global’s Health, Hygiene, and Specialties Global Nonwovens and Films business. This merger is expected to create a new global leader in specialty materials, enhancing scale, technology, and market reach, thereby positioning Glatfelter for substantial shareholder value and long-term growth.
Glatfelter’s commitment to quality, sustainability, and innovation continues to make it a pivotal player in the engineered materials industry, driving advancements that enhance everyday life.
Glatfelter Corporation (NYSE: GLT) announced a cash dividend of $0.14 per share on its common stock, payable on February 1, 2022. The dividend will benefit all shareholders of record as of January 3, 2022. With annualized net sales of approximately $1.4 billion, Glatfelter is known for its innovative, technology-driven nonwoven solutions for various industries, including personal care, food filtration, and packaging. Headquartered in Charlotte, NC, the company operates 16 manufacturing sites across multiple countries.
Glatfelter Corporation (NYSE: GLT) has announced a partnership with ALPLA Group and Blue Ocean Closures (BOC) to innovate natural fiber-based closures using dryforming technology. This collaboration aims to develop sustainable, biobased products like cellulose screw caps that could be ocean biodegradable. The partnership emphasizes a shared vision for sustainability and combines the technical expertise of the involved companies to expedite product development. Glatfelter continues to invest in bio-based packaging materials, reinforcing its commitment to eco-friendly solutions in the industry.
Glatfelter Corporation (NYSE: GLT) reported a third quarter 2021 income from continuing operations of $8.1 million, or $0.18 per diluted share, compared to $6.5 million, or $0.15 per share, in Q3 2020. The acquisition of Georgia-Pacific’s U.S. nonwovens business has bolstered net sales to $279.7 million, a 19.7% increase year-over-year. Airlaid Materials experienced strong demand, contributing to a 39.5% sales increase. However, Composite Fibers faced inflationary pressures, resulting in a decline in operating income. The company recently executed a $500 million bond offering for the acquisition of Jacob Holm, enhancing its portfolio and market scale.
Glatfelter Corporation (NYSE: GLT) has completed the acquisition of Jacob Holm for approximately $302 million. This strategic move enhances Glatfelter's scale and diversifies its product offerings in the engineered materials sector. Jacob Holm's premium spunlace technologies will expand Glatfelter’s portfolio in healthcare and hygiene, including surgical drapes and wound care products. The acquisition is expected to yield $20 million in annual synergies within two years and is backed by a new $500 million senior unsecured notes issuance.
Glatfelter Corporation (NYSE: GLT), a prominent global supplier of engineered materials, has been nominated as a top three finalist for the 2021 Hygienix Innovation Award for its GlatPure™ back sheet, a sustainable, cellulose-based product designed for hygiene products. This back sheet is the first breathable, functional, non-leak barrier made from cellulose fibers, compliant with the European Single-Use Plastics Directive. The company will showcase its innovations at the Hygienix event scheduled for November 15-18, 2021, in Scottsdale, AZ.
Glatfelter Corporation (NYSE: GLT) will release its 2021 third-quarter results on November 2, 2021, at 11:00 AM (ET). The earnings release will include significant financial data available on its Investor Relations website. A conference call will follow, allowing investors to discuss the results with management. Glatfelter, headquartered in Charlotte, NC, is a supplier of engineered materials, generating approximately $1 billion in annualized net sales. The company operates twelve manufacturing facilities globally.
Glatfelter Corporation (GLT) announced the pricing of $500 million in aggregate principal amount of 4.750% senior notes due 2029. The offering is set to close on October 25, 2021, pending specific conditions. Proceeds will fund the acquisition of Jacob Holm, repay debt, and cover related fees. The notes will be guaranteed by the Company’s domestic restricted subsidiaries. The offering is being made under exemptions from the Securities Act, targeting qualified institutional buyers. The Company anticipates utilizing cash on hand alongside these proceeds.
Glatfelter Corporation (NYSE: GLT) announced its intention to offer $500 million in senior notes due 2029, subject to market conditions. These notes will be guaranteed on a senior unsecured basis by the company's existing and future domestic restricted subsidiaries. The proceeds will be used to finance the acquisition of PMM Holding (Luxembourg) AG, repay certain debts, and cover fees. The offering is limited to qualified institutional buyers under Rule 144A and will not be registered under the Securities Act.
Glatfelter Corporation (NYSE: GLT) has announced a 12% price increase for all Composite Fibers products, effective immediately. This decision is influenced by rising costs in raw materials such as pulp and chemicals, along with increased logistics and energy costs. The company has already implemented prior price adjustments earlier this year to address ongoing inflationary pressures. Despite these challenges, Glatfelter remains dedicated to providing supply continuity and high-quality products.
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