NeKoosa’s Mojave SKUs Expand by 14 Products

Mohawk Fine Papers, Inc. announced that it has purchased Crane Stationery Corporation of North Adams, MA for an undisclosed amount. This acquisition includes all three premium Crane brands – Crane & Co., William Arthur and Vera Wang. This marks the latest expansion for Mohawk and is a natural evolution for this fourth generation, family-owned paper company. Founded in 1801, Crane has been synonymous with luxurious cotton papers and the finest personalized stationery in the world. “The Crane name and reputation has withstood the test of time for more than 200 years and we are very excited to add this legendary paper and stationery brand to our family portfolio,” said Tom O’Connor, Mohawk Chairman and CEO. The combined companies will expand Mohawk’s product offering to include Crane’s extensive, iconic line of boxed stationery, wedding invitations, holiday cards and other personalized products, as well as Crane Crest, Crane Bond and Crane Lettra. Mohawk and Crane will maintain their respective existing brand names and continue to offer their unique portfolios and offerings, while at the same time expanding products, offerings and channels. Click Read More below for additional information.

*Sale of lumber and newsprint assets for approximately $232 million; estimated gain on sale of $6 million, net of tax *Retired $127 million of senior unsecured debt; additional $25 million of senior secured debt repaid in October *Expect significant price increases on the majority of cellulose specialties contracts in 2022 *Net loss from continuing operations was $13 million, $26 million unfavorable to the comparable period in 2020, driven by income tax benefit recorded in the prior year *Targeting EBITDA margin growth focused on lowering cost, improving reliability, executing strategic projects and funding attractive innovation initiatives

Ahlstrom-Munksjö continues to focus on the growth segment of electrification, enhancing its latest product offering, totally dedicated to filtration media solutions for electric vehicles. The new solutions complement the products launched in May which included filtration solutions for cabin air, transmission and cooling systems. “I am very pleased to introduce our enhanced and expanded range of products from the FiltEV® platform,” said Cedric Vallet, Head of Business Development, Industrial Filtration & New Vehicles. “Through the enhancement of our cabin air portfolio, we are offering new filtration solutions delivering better protection for passengers. Better protection against fine particulates, thanks to HEPA media particulate efficiency, and against harmful gases and odours, thanks to increased absorption of a wide range of molecules.”