SWM International Completes Acquisition of Scapa Group Plc

Rhea-AI Summary

SWM Acquires Scapa Group Plc to enhance its capabilities and growth profile. Finalized on April 15, 2021, the acquisition brings SWM's annualized sales close to $1.5 billion. The deal significantly boosts SWM's portfolio in precision-engineered materials and adds advanced design, manufacturing, and coating technologies. SWM now operates in twelve countries with nearly 5,000 employees, aiming to leverage combined resources for integrated customer solutions. CEO Dr. Jeffrey Kramer emphasizes the company's potential for growth in various end-markets.

Positive

• Acquisition of Scapa enhances SWM's portfolio and capabilities.
• Annualized sales now approaching $1.5 billion.
• Expands SWM's operational footprint to twelve countries.
• Increased technical expertise and innovative product offerings.

Negative

• None.

Scapa Expands SWM’s Capabilities and Enhances Long-Term Growth Profile

Alpharetta, GA, April 15, 2021 (GLOBE NEWSWIRE) -- Schweitzer-Mauduit International, Inc. (“SWM” or the “Company”) (NYSE: SWM), announced today that it has finalized its acquisition of Scapa Group Plc, a UK-based innovation, design, and manufacturing solutions provider for healthcare and industrial markets. The newly combined company’s annualized sales are approaching $1.5 billion.

The acquisition adds to SWM’s already extensive portfolio of precision engineered performance materials, significantly expands the Company’s innovation, design, and formulation capabilities, and brings a variety of new coating and converting technologies. The newly combined product and service offerings can be leveraged across SWM’s and Scapa’s global businesses to deliver best-in-class integrated solutions to customers.

SWM CEO Dr. Jeffrey Kramer said, “The combination of Scapa and SWM results in a complementary global organization with robust design and manufacturing capabilities and significant technical expertise. The expanded company is poised to capitalize on the many exciting growth opportunities across our end-markets. We will offer a broader portfolio of products and value-added services to our customers, with a focus on delivering essential materials critical to the performance of their end products.”

With the addition of Scapa, SWM now operates in twelve countries on four continents, with close to 5,000 employees.

About SWM
SWM is a leading global performance materials company, focused on bringing best-in-class innovation, design, and manufacturing solutions to our customers. Our highly engineered films, adhesive tapes, foams, nets, nonwovens, and papers are designed and manufactured using resins, polymers, and natural fibers for a variety of industries and specialty applications. SWM and its subsidiaries manufacture on four continents, conduct business in over 90 countries and employ approximately 5,000 people worldwide. For further information, please visit SWM’s website at www.swmintl.com.

Additional websites:

www.scapahealthcare.com

www.scapaindustrial.com

Investor Contact:

Mark Chekanow
770-569-4229
mchekanow@swmintl.com

Media Contact:

Mary T. Gibson
770-569-4328
mgibson@swmintl.com

FAQ

What is the significance of SWM's acquisition of Scapa Group?

The acquisition enhances SWM's capabilities in precision-engineered materials and innovation, increasing annualized sales to nearly $1.5 billion.

When was the Scapa acquisition finalized?

The acquisition was finalized on April 15, 2021.

How many employees does SWM have after acquiring Scapa?

SWM now has close to 5,000 employees worldwide.

In how many countries does SWM operate after the acquisition?

SWM operates in twelve countries on four continents following the acquisition.

What are the expected benefits of the Scapa acquisition for SWM?

SWM expects to leverage combined resources for best-in-class integrated solutions, enhancing innovation and customer service.