SWM - SWM STOCK NEWS

SWM International (NYSE: SWM) announced the appointment of Tracey Peacock as Executive Vice President of Advanced Materials & Structures, effective immediately. Previously with Klöckner Pentaplast, Peacock has held significant roles in Atkore International and ITT Corporation. She will lead the division focused on engineered films, nets, and nonwovens, as the company aims to enhance innovation and commercial strategies. CEO Dr. Jeffrey Kramer emphasized her potential to elevate the AMS division.

SWM International has received the necessary approval from Scapa shareholders for its proposed cash acquisition of the UK-based company. This approval is a significant step forward in the acquisition process, anticipated to complete in early Q2 2021. CEO Dr. Jeffrey Kramer expressed confidence that the merger will leverage Scapa's healthcare and industrial capabilities alongside SWM's extensive performance materials portfolio, creating a robust global business.

On March 1, 2021, SWM published its Form 10-K, detailing audited financial statements for the fiscal year ending December 31, 2020, as part of its recommended cash offer for Scapa Group plc. This acquisition, facilitated by SWM Bidco, aims to purchase all issued shares of Scapa Group. The offer document, containing full terms and conditions, will be available on SWM’s website. Additionally, potential U.S. investors must be aware of the unique tax implications and legal considerations associated with this offer.

Schweitzer-Mauduit International (SWM) has announced a recommended cash offer for Scapa Group plc through its subsidiary, AMS Holdco 2 Limited. The offer aims to acquire the entire issued share capital of Scapa. On February 18, 2021, SWM published its earnings results for Q4 2020 and its consolidated financial statements for the fiscal year ending December 31, 2020. This announcement follows the agreement made on January 27, 2021. Investors are encouraged to review SWM's financial performance and the implications of the acquisition on the company's strategic growth.

Schweitzer-Mauduit International (SWM) reported strong financial results for the year ending December 31, 2020. Total sales reached $1,074.4 million, a 5% increase year-over-year. Adjusted operating profit rose by 8% to $171.6 million, with an adjusted EPS of $3.68, a 4% growth. The company demonstrated resilience in its Advanced Materials & Structures segment, achieving a 21% gain in organic sales in Q4. Despite restructuring costs related to site closures, SWM maintained a healthy balance sheet with a free cash flow of $128.3 million, and plans to expand through the acquisition of Scapa Group.

Schweitzer-Mauduit International, Inc. (NYSE: SWM) will announce its fourth quarter and full year 2020 results on February 18, 2021, after market close. A conference call is scheduled for February 19, 2021, at 8:30 a.m. ET to discuss these results, alongside a presentation available on the company's website. Interested participants can join the call using specific dial-in numbers or listen via a webcast. The replay will be accessible shortly after the call for approximately 90 days.

On January 27, 2021, SWM Bidco, a subsidiary of Schweitzer-Mauduit International, announced a cash offer to acquire Scapa Group plc. The deal is accompanied by a $350 million Term Loan B facility, with syndication starting February 9, 2021. This acquisition aims to enhance SWM's market position and financial performance. SWM also provided updates on its expected financial results for Q4 and the full year 2020, accessible via their website. The Offer will comply with UK laws, and any participation from overseas shareholders will depend on local legal regulations.

SWM International has amended its credit agreement to include a new $350 million Term Loan B facility, maturing in seven years. The funds will support the acquisition of Scapa Group Plc, initially announced on January 27, 2021. The company expects Q4 2020 sales to reach approximately $279 million and FY 2020 sales around $1,074 million. Anticipated adjusted EBITDA for Q4 is between $45 million and $49 million, while for FY 2020, it's projected between $211 million and $215 million. The company's liquidity position is strong at approximately $500 million.

Schweitzer-Mauduit International (SWM) will announce its fourth quarter and full year 2020 results on February 18, 2021, after market close. A conference call to discuss these results is scheduled for February 19, 2021, at 8:30 a.m. ET. Participants can access the call via the company’s website or by dialing provided numbers. An encore broadcast will be available two hours post-call. The event includes a presentation that will be made available in advance. Investors are encouraged to register early to ensure they can access the live event.